Textron intends to sell senior notes due 2026

By Aleesia Forni

New York, March 4 – Textron Inc. intends to sell senior notes due 2026, according to a 424B3 filing with the Securities and Exchange Commission.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes, which may include the redemption or repayment of debt, including the outstanding principal amount of the company’s existing 4.625% notes due 2016.

The multi-industry company has units including aircraft, defense and finance. It is based in Providence, R.I.

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