Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, in connection with the registered public offering by Northrop Grumman Corporation (“Northrop Grumman”), of $1 billion aggregate principal amount of 2.08% Senior Notes due 2020, $1.5 billion aggregate principal amount of 2.55% Senior Notes due 2022, $1.5 billion aggregate principal amount of 2.93% Senior Notes due 2025, $2 billion aggregate principal amount of 3.25% Senior Notes due 2028 and $2.25 billion aggregate principal amount of 4.03% Senior Notes due 2047. Northrop Grumman intends to use the net proceeds of the offering, together with cash on hand, to finance the acquisition of Orbital ATK, Inc. and to pay related fees and expenses.
Northrop Grumman Corporation is a leading global security company. Northrop Grumman offers a broad portfolio of capabilities and technologies that enables it to deliver innovative products, systems and solutions for applications that range from undersea to outer space and cyberspace.
The Simpson Thacher team included Art Robinson, Patrick Baron, Jonathan Zane and Yoonji Woo (Capital Markets); Sarah Katz (Tax); Larry Moss, Alisa Tschorke and Monisha Bhayana (Executive Compensation and Employee Benefits); Lori Lesser and Linda Nyberg (Intellectual Property); Michael Isby and Timothy Mulvihill (Environmental); and Andrew Pagliughi (FINRA and Blue Sky).