Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc. and Citigroup Global Markets Inc., in connection with the registered public offering by Northrop Grumman Corporation (“Northrop Grumman”), of $750 million aggregate principal amount of 4.4% Senior Notes due 2030, $500 million aggregate principal amount of 5.15% Senior Notes due 2040 and $1 billion aggregate principal amount of 5.25% Senior Notes due 2050. Northrop Grumman intends to use the net proceeds of the offering for general corporate purposes.
Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever-evolving needs of its customers worldwide. Its 90,000 employees define “possible” every day using science, technology and engineering to create and deliver advanced systems, products and services.
The Simpson Thacher team included Art Robinson, Patrick Baron and Richard Ragusa (Capital Markets); Jonathan Cantor and Abigail Hopper (Tax); Larry Moss and Monisha Bhayana (Executive Compensation and Employee Benefits); Lori Lesser and Alysha Sekhon (Intellectual Property); Mike Isby and Timothy Mulvihill (Environmental); and Andrew Pagliughi (FINRA and Blue Sky).