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Northrop Grumman Prices $2.5 Billion Debt Offering |
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FALLS CHURCH, Va. – Jan. 29, 2024 – Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.5 billion underwritten public offering of senior unsecured notes. The notes include: $500 million of 4.600% senior notes due 2029 $850 million of 4.900% senior notes due 2034 $1.15 billion of 5.200% senior notes due 2054 Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment (including its 2.93% senior notes due 2025), share repurchases and working capital. The offering is expected to close on January 31, 2024, subject to the satisfaction of customary closing conditions. When available, copies of the prospectus supplement and the accompanying base prospectus related to the offering may be obtained by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, Mizuho Securities USA LLC toll-free at 1-866-271-7403 and Wells Fargo Securities, LLC toll-free at 1-800-645-3751. A copy of these documents may also be obtained by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission, and a prospectus supplement and accompanying prospectus filed with the Securities and Exchange Commission as part of the shelf registration statement. About Northrop Grumman Corporation Forward-Looking Statements Follow Northrop Grumman News on Twitter @NGCNews |
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Northrop Grumman Corporation
2980 Fairview Park Drive | Falls Church, VA 22042-4511
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January 29, 2024 11:37pm
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