Lockheed Martin Issues $2 Billion in Senior Notes

Lockheed Martin Corp (LMT) has released an update.

On January 29, 2024, Lockheed Martin Corporation issued $2 billion in senior unsecured notes, divided into three maturities: $650 million due in 2029, $600 million due in 2034, and $750 million due in 2064. The notes, offered publicly under an effective registration statement, were sold through an underwriting agreement with Morgan Stanley & Co. LLC and others. Interest is payable semi-annually, with the company reserving the right to redeem the notes at specified redemption prices. Proceeds are slated for general corporate activities, including share repurchases.

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