HII Announces Pricing of 5% Senior Notes Due 2021

Maritime Activity Reports, Inc.

November 19, 2014

Photo courtesy of Huntington Ingalls Industries

Photo courtesy of Huntington Ingalls Industries

Huntington Ingalls Industries, Inc. (HII) announced today that it will sell $600 million aggregate principal amount of 5% senior notes due 2021 at a price of 100% of the par value.

The company said it intends to use the net proceeds from the sale of the notes to pay the consideration for the previously announced cash tender offer and consent solicitation with respect to HII's outstanding 6.875% senior notes due 2018, plus fees and expenses, and, if all 2018 notes are not tendered pursuant to the tender offer and consent solicitation, to fund the redemption of all 2018 notes that remain outstanding after the completion of the tender offer and consent solicitation.

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