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Lockheed Martin to price three-tranche offering of notes
By Mary-Katherine Stinson
Lexington, Ky., Jan. 25 – Lockheed Martin Corp. plans to price dollar-denominated fixed-rate notes (//A-) in three tranches, according to a 424B5 filed with the Securities and Exchange Commission.
Each series of notes will have a make-whole call option until some months before maturity followed by a par call option.
Morgan Stanley & Co. LLC, Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. are the joint bookrunning managers for the offering.
U.S. Bank Trust Co., NA is the trustee.
Counsel to the issuer is provided by Hogan Lovells US LLP and to the underwriters by Davis Polk & Wardwell LLP.
Proceeds from the offering will be used for general corporate purposes, including stock repurchases.
The security and aerospace company is based in Bethesda, Md.
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