India, May 27 -- Northrop Grumman Corp. (NOC) announced that it has priced a $1.0 billion underwritten public offering of senior unsecured notes. The notes include $500 million of 4.650% senior notes due 2030; $500 million of 5.250% senior notes due 2035.
The company noted that it expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment--including its 7.875% and 7.750% senior notes due 2026--, share repurchases and working capital.
The offering is expected to close on May 29, 2025, subject to the satisfaction of customary closing conditions.
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