debt
confidence high
sentiment neutral
materiality 0.50
Northrop Grumman prices $1.0B senior notes offering in two tranches (2030, 2035)
NORTHROP GRUMMAN CORP /DE/
- $500M of 4.650% notes due 2030 and $500M of 5.250% notes due 2035 priced.
- Net proceeds for debt repayment (7.875% and 7.750% notes due 2026), share repurchases, working capital.
- Offering expected to close May 29, 2025, subject to customary conditions.
- Goldman Sachs, Mizuho, Morgan Stanley acting as underwriters.
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