General Dynamics aims to sell two tranches of fixed-rate notes

By Devika Patel

Knoxville, Tenn., Sept. 11 – General Dynamics Corp. intends to price an offering of fixed-rate notes (A2/A+) in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes will be sold in tranches due 2024 and 2027.

The notes will have make-whole calls until two months prior to maturity for the 2024 notes and three months prior to maturity for the 2027 notes and par calls after those dates.

J.P. Morgan Securities LLC, BofA Merrill Lynch and BBVA Securities Inc. are the bookrunners.

Proceeds will be used to repay the company's $900 million 1% notes due 2017 upon maturity and for general corporate purposes.

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

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