Northrop Grumman to Redeem Orbital ATK Debt
- All of its outstanding 5.25% Senior Notes due 2021 (the “5.25% Notes”) at a redemption price of 102.625% plus accrued and unpaid interest. As of the date of this release
$300 million aggregate principal amount of the 5.25% Notes were outstanding. - All of its outstanding 5.50% Senior Notes due 2023 (the “5.50% Notes”) at a “make whole” premium price calculated in accordance with the 5.50% Notes and the indentures and supplemental indentures governing the 5.50% Notes. As of the date of this release
$400 million aggregate principal amount of the 5.50% Notes were outstanding.
The redemption of the Notes was contemplated in the company’s updated 2018 financial guidance provided on
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Statements in this press release, other than statements of historical fact, constitute “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and
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Source: Northrop Grumman Corporation