Hexcel will conduct offering of 10-year notes via two bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 13 – Hexcel Corp. plans to price fixed-rate senior notes due 2027, according to a 424B5 filing with the Securities and Exchange Commission.

The interest rate will be subject to adjustment if Moody’s Investors Service or S&P Global Ratings downgrades the company’s ratings or downgrades and then subsequently upgrades the ratings.

The notes will also have a make-whole call and then a par call.

BofA Merrill Lynch and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used to reduce debt under Hexcel’s revolving credit facility and for general corporate purposes.

Hexcel is a composites company based in Stamford, Conn.

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