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Huntington Ingalls to price $600 million of Rule 144A notes
By Devika Patel
Knoxville, Tenn., Nov. 16 – Huntington Ingalls Industries, Inc. intends to conduct a Rule 144A sale of senior unsecured notes (//BBB-), according to an 8-K filed with the Securities and Exchange Commission.
Fitch Ratings said it has assigned a rating of BBB- to the $600 million notes offering.
Proceeds will be used to redeem all of the company’s $600 million 5% senior notes due 2021 and for general corporate purposes.
Based in Newport News, Va., Huntington Ingalls Industries designs, builds and manages the life-cycle of nuclear and conventionally powered ships for the U.S. Navy and the U.S. Coast Guard.
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