FALLS CHURCH, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) announced today that it has priced a $2.0 billion underwritten public offering of senior unsecured notes. The notes include:
$1.0 billion of 4.700% senior notes due 2033
$1.0 billion of 4.950% senior notes due 2053
Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment (including its 3.25% senior notes due 2023), share repurchases and working capital. The offering is expected to close on February 8, 2023, subject to customary closing conditions. When available, copies of the prospectus supplement and the accompanying base prospectus related to the offering may be obtained by calling Wells Fargo Securities, LLC toll-free at 1-800-645-3751, J.P. Morgan Securities LLC collect at 1-212-834-4533 and Mizuho Securities USA LLC toll-free at 1-866-271-7403. A copy of these documents may also be obtained by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov.
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our 95,000 employees define possible every day.
