October 16, 2020
HUNTINGTON INGALLS INDUSTRIES, INC. ANNOUNCES REDEMPTION OF 5.000% NOTES DUE 2025
NEWPORT NEWS, Va., Oct. 16, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries, Inc. (NYSE: HII) today announced that it has given notice of the redemption of its outstanding 5.000% senior unsecured notes due 2025 (the “2025 Notes”).
As of Oct. 16, 2020, approximately $600 million in aggregate principal amount of the 2025 Notes is outstanding. In accordance with the terms of the indenture governing the 2025 Notes, they will be redeemed on Nov. 15, 2020 (the “Redemption Date”) for an aggregate redemption price equal to 102.5% of the principal amount of the 2025 Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Bank of New York Mellon, the trustee for the 2025 Notes, is delivering a Notice of Redemption to all registered holders of the 2025 Notes today. Copies of the Notice of Redemption and additional information relating to the procedure for redemption of the 2025 Notes may be obtained from The Bank of New York Mellon, by calling (412) 236-1201.
About HII
HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions.
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