debt
confidence high
sentiment neutral
materiality 0.55
Hexcel issues $400M 4.900% Senior Notes due 2031, redeems $400M 3.950% Notes due 2027
HEXCEL CORP /DE/
- Issued $400M of 4.900% Senior Notes due May 15, 2031; net proceeds ~$395.2M.
- Proceeds plus cash on hand to redeem all $400M of outstanding 3.950% Senior Notes due 2027 on May 28, 2026.
- Underwriting agreement with BofA, Goldman Sachs, JPMorgan, U.S. Bancorp; notes registered under shelf registration.
- Notes are unsecured, unsubordinated; change-of-control put at 101% of principal plus accrued interest.