secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001193125-21-247744
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII raises $1B in senior notes to fund Alion acquisition; rates 0.670% and 2.043%
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- Issued $400M 0.670% senior notes due 2023 and $600M 2.043% senior notes due 2028.
- Net proceeds, together with term loan borrowings, to fund the Alion Science and Technology purchase.
- Notes are senior unsecured, fully guaranteed by domestic subsidiaries; rank equally with unsubordinated debt.
- Special mandatory redemption at 101% if Alion acquisition does not close by April 4, 2022 (or earlier termination).
- Registration rights agreement provides for up to 1.00% additional interest if registration default occurs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521247744/0001193125-21-247744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521247744/d199506d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-247744

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