secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001193125-21-241789
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521241789/0001193125-21-241789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521241789/d177235d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-241789

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer