debt
confidence high
sentiment neutral
materiality 0.50
Northrop Grumman prices $2.0B senior notes offering in two tranches
NORTHROP GRUMMAN CORP /DE/
- $1.0B of 4.700% senior notes due 2033 and $1.0B of 4.950% senior notes due 2053.
- Net proceeds for general corporate purposes including debt repayment of 3.25% notes due 2023, share repurchases, and working capital.
- Offering expected to close February 8, 2023, subject to customary conditions.