debt
confidence high
sentiment neutral
materiality 0.50
Northrop Grumman prices $2.5B senior notes offering in three tranches
NORTHROP GRUMMAN CORP /DE/
- $500M of 4.600% notes due 2029, $850M of 4.900% notes due 2034, $1.15B of 5.200% notes due 2054.
- Proceeds for debt repayment (incl. 2.93% notes due 2025), share repurchases, and working capital.
- Offering expected to close on January 31, 2024, subject to customary closing conditions.