DULLES, Va.Sep. 22, 2015--
Orbital ATK, Inc. (NYSE: OA) today announced that it has priced the
previously announced offering of $400 million aggregate principal amount
of senior notes due 2023 (the "notes") in a private placement pursuant
to Rule 144A and Regulation S under the Securities Act of 1933, as
amended (the "Securities Act"). The notes will have an interest rate of
5.50% per annum and will be issued at a price equal to 100% of their
face value. The notes will be general senior unsecured obligations of
Orbital ATK and will be jointly and severally guaranteed on a general
senior unsecured basis by certain of its existing and future
subsidiaries. The offering is expected to close on September 29, 2015,
subject to customary closing conditions.
The notes and related subsidiary guarantees are being offered and sold
only to qualified institutional buyers in compliance with Rule 144A
under the Securities Act and outside the United States to non-U.S.
persons in compliance with Regulation S under the Securities Act.
The notes and the related subsidiary guarantees will not be registered
under the Securities Act or the securities laws of any jurisdiction and
may not be offered or sold in the United States absent an effective
registration statement or an applicable exemption from the registration
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful.
About Orbital ATK
Orbital ATK is a global leader in aerospace and defense technologies.
The company designs, builds and delivers space, defense and aviation
systems for customers around the world, both as a prime contractor and
merchant supplier. Its main products include launch vehicles and related
propulsion systems; missile products, subsystems and defense
electronics; precision weapons, armament systems and ammunition;
satellites and associated space components and services; and advanced
aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK
employs more than 12,000 people in 18 states across the U.S. and in
several international locations. For more information, visit www.orbitalatk.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
Certain information discussed in this press release constitutes
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995, including but not limited to, our
refinancing plans, the proposed terms of the notes and the new credit
facility and the expected use of proceeds therefrom. Forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projected. For further
information on factors that could impact Orbital ATK, and statements
contained herein, please refer to the company s most recent Annual
Report on Form 10-K and any subsequent quarterly reports on Form 10-Q
and current reports on Form 8-K filed with the U.S. Securities and
Exchange Commission. Orbital ATK undertakes no obligation to update any
Source: Orbital ATK, Inc.
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