trending Market Intelligence /marketintelligence/en/news-insights/trending/79ErSpvFVVVr-KYi4KxaJg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Northrop Grumman prices $8.25B senior notes offering

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Northrop Grumman prices $8.25B senior notes offering

Northrop Grumman Corp. said Oct. 10 that it priced an $8.25 billion underwritten public offering of senior unsecured notes, the net proceeds of which will help finance the company's acquisition of Orbital ATK Inc.

The notes include $1.0 billion of 2.08% senior notes due 2020, $1.5 billion of 2.55% senior notes due 2022, $1.5 billion of 2.93% senior notes due 2025, $2.0 billion of 3.25% senior notes due 2028, and $2.25 billion of 4.03% senior notes due 2047.

The offering is expected to close Oct. 13, subject to the satisfaction of customary closing conditions.

If the Orbital ATK acquisition is not completed on or before Dec. 17, 2018, or if the merger agreement relating to the deal is terminated prior to the said date, Northrop Grumman said it will be required to redeem the 2020 notes, 2022 notes, 2025 notes and 2047 notes.

Northrop Grumman said that if the acquisition is not completed, it expects to use the net proceeds from the offering of the 2028 notes for general corporate purposes, including debt repayment, share repurchases, pension plan funding, acquisitions and working capital.