Huntington Ingalls offers two-year notes at 65 bps area spread, seven-year notes at 115 bps area

By Cristal Cody

Chicago, Aug. 9 – Huntington Ingalls Industries, Inc. is planning to sell a two-part offering of notes (//BBB-), a market source reported.

The company is planning to sell notes due Aug. 16, 2023 with talk in the Treasuries plus 65 basis points area.

A longer-dated tranche due Aug. 16, 2028 is being talked with a spread in the Treasuries plus 115 bps area.

BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and U.S. Bancorp Investments Inc. are working as active bookrunners.

MUFG and Scotia Capital (USA) Inc. are passive bookrunners.

Huntington Ingalls is a Newport News, Va.-based military shipbuilding company and a provider of professional services to partners in government and industry.

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