Hexcel Corporation has priced an offering of $300 million of unsecured 5.875% Senior Notes due 2035. The notes will be sold at a price of 99.985% of their face value, with estimated net proceeds of approximately $298 million.
The company intends to use the net proceeds from this offering to fund the redemption of its existing unsecured 4.700% Senior Notes due 2025. As of the pricing date, $300 million of the 2025 notes were outstanding.
This refinancing action extends the maturity of Hexcel's debt obligations by ten years. The offering is expected to close on February 26, 2025, subject to customary closing conditions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.