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Textron plans to issue fixed-rate notes due 2028 via four bookrunners
By Devika Patel
Knoxville, Tenn., Sept. 11 – Textron Inc. intends to sell dollar-denominated senior notes due 2028, according to a 424B3 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the joint bookrunners.
Proceeds will be used to make a voluntary contribution to Textron’s pension plans.
The multi-industry company has units including aircraft, defense and finance. It is based in Providence, R.I.
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