Northrop Grumman prices debt offering

Northrop Grumman Corporation (NYSE: NOC) has priced a USD750 million underwritten public offering of 3.20 percent senior unsecured notes due Feb. 1, 2027, the company said.

The company said Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, including debt repayment, pension plan funding and working capital.

Northrop Grumman Corporation´s wholly owned subsidiary, Northrop Grumman Systems Corporation, will redeem for cash all of its outstanding 6.75 percent senior notes due April 2018 on Dec. 28, 2016.

Northrop Grumman is a security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike and logistics and modernization to customers worldwide.