secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2021-09-03T23:59:59+00:00
Accession:  0001193125-21-265095
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrop Grumman completes $421M debt exchange, swaps sub notes for parent notes
--------------------------------------------------------------------------------

- Exchanged $421M aggregate principal of six NGSC debenture series for new Northrop Grumman senior notes and $2.1M cash.
- New notes issued by parent: 7.875% due 2026, 7.750% due 2026, 6.650% due 2028, 7.750% due 2029, 7.750% due 2031, 6.980% due 2036.
- Consent solicitations adopted for Existing 6.650% 2028 and 7.750% 2029 notes; removed restrictive covenants and terminated parent guarantee on those series.
- Existing 7.875% 2026, 7.750% 2026, 7.750% 2031, and 6.980% 2036 notes remain guaranteed by Northrop Grumman after exchange.
- Dealer managers: BofA Securities, BNP Paribas Securities, Wells Fargo Securities; registration rights agreement grants exchange/registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000119312521265095/0001193125-21-265095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000119312521265095/d216834d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-265095

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