General Dynamics to price $2.4 billion of notes in three tranches

By Sheri Kasprzak

New York, Nov. 1 - General Dynamics Corp. is set to come to market with $2.4 billion of notes (A2/A/A) in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The offering will include $900 million of notes due in 2017, $1 billion of notes due in 2022 and $500 million of notes due in 2042.

The joint bookrunners for the notes are Bank of America Merrill Lynch, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC.

The company intends to use the proceeds for general corporate purposes, as well as to redeem the company's 4.25% 2013 notes, 5.25% 2014 notes and 5.375% 2015 notes.

Based in Falls Church, Va., General Dynamics is an aerospace and defense company.

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