HII prices $1B senior notes (0.67% due 2023, 2.043% due 2028) to fund Alion acquisition

HUNTINGTON INGALLS INDUSTRIES, INC.

$400M of 0.670% Senior Notes due 2023 and $600M of 2.043% Senior Notes due 2028 priced.
Proceeds, plus term loan borrowings, to fund the previously announced Alion Science and Technology acquisition.
If Alion acquisition not closed by April 4, 2022 (or agreement terminated), notes subject to special mandatory redemption at 101% of principal.
Notes are unsecured, guaranteed by domestic subsidiaries that guarantee the revolving credit facility.
Offering expected to close Aug. 16, 2021, subject to customary conditions.

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