Orbital ATK Announces Pricing of $400 Million Senior Notes Offering
September 22 2015 - 4:36PM
Business Wire
Orbital ATK, Inc. (NYSE: OA) today announced that it has priced
the previously announced offering of $400 million aggregate
principal amount of senior notes due 2023 (the "notes") in a
private placement pursuant to Rule 144A and Regulation S under the
Securities Act of 1933, as amended (the "Securities Act"). The
notes will have an interest rate of 5.50% per annum and will be
issued at a price equal to 100% of their face value. The notes will
be general senior unsecured obligations of Orbital ATK and will be
jointly and severally guaranteed on a general senior unsecured
basis by certain of its existing and future subsidiaries. The
offering is expected to close on September 29, 2015, subject to
customary closing conditions.
The notes and related subsidiary guarantees are being offered
and sold only to qualified institutional buyers in compliance with
Rule 144A under the Securities Act and outside the United States to
non-U.S. persons in compliance with Regulation S under the
Securities Act.
The notes and the related subsidiary guarantees will not be
registered under the Securities Act or the securities laws of any
jurisdiction and may not be offered or sold in the United States
absent an effective registration statement or an applicable
exemption from the registration requirements.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.
About Orbital ATK
Orbital ATK is a global leader in aerospace and defense
technologies. The company designs, builds and delivers space,
defense and aviation systems for customers around the world, both
as a prime contractor and merchant supplier. Its main products
include launch vehicles and related propulsion systems; missile
products, subsystems and defense electronics; precision weapons,
armament systems and ammunition; satellites and associated space
components and services; and advanced aerospace structures.
Headquartered in Dulles, Virginia, Orbital ATK employs more than
12,000 people in 18 states across the U.S. and in several
international locations. For more information, visit
www.orbitalatk.com.
“Safe Harbor” Statement Under the Private Securities
Litigation Reform Act of 1995
Certain information discussed in this press release constitutes
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995, including but not limited to, our
refinancing plans, the proposed terms of the notes and the new
credit facility and the expected use of proceeds therefrom.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected. For further information on factors that could impact
Orbital ATK, and statements contained herein, please refer to the
company’s most recent Annual Report on Form 10-K and any subsequent
quarterly reports on Form 10-Q and current reports on Form 8-K
filed with the U.S. Securities and Exchange Commission. Orbital ATK
undertakes no obligation to update any forward-looking
statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150922006456/en/
Orbital ATKInvestor and Media Contact:Barron Beneski,
703-406-5528Public and Investor
Relationsbarron.beneski@orbitalatk.com
Orbital Atk, Inc. (delisted) (NYSE:OA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Orbital Atk, Inc. (delisted) (NYSE:OA)
Historical Stock Chart
From Jul 2023 to Jul 2024