> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Textron Sells $350 Million Of 5.500% Notes Due 2032, Priced To Yield 5.545% - URL: https://www.bullished.co/textron-sells-350-million-of-5-500-notes-due-2032-priced-to-yield-5-545-ebe02288/ - Published: 2026-11-04T20:20:55.000Z - Updated: 2026-11-04T20:20:55.000Z - Description: The proceeds are slated to repay $350 million of 3.65% notes due 2027, S&P Global Ratings said, and the new debt carries a BBB rating. - Author: Matteo Parrino - Tags: SEC Filings, TXT, Industry: Industrials [Textron](https://www.bullished.co/tag/txt/), the maker of Cessna jets, Bell helicopters and golf cars, [issued and sold $350 million](https://www.sec.gov/Archives/edgar/data/0000217346/000110465926122606/tm2628414d4%5F8k.htm?ref=bullished.co) of 5.500% notes due March 15, 2032 on Wednesday, according to an [8-K](https://www.bullished.co/learn/8-k-items-explained/). The notes priced to yield 5.545%, 85 basis points (0.85 percentage points) above the benchmark Treasury. ## Pricing and terms The notes were offered to the public at 99.801% of face value, per the [pricing term sheet](https://www.sec.gov/Archives/edgar/data/0000217346/000110465926122606/tm2628414d4%5Fex1-1.htm?ref=bullished.co). The benchmark was the 4.750% Treasury due October 31, 2031, which yielded 4.695%. Interest is paid each March 15 and September 15, starting March 15, 2027\. Textron can redeem the notes early at a make-whole price of Treasury plus 15 basis points before February 15, 2032, or at face value on or after that date. The underwriters agreed to buy the notes at 99.201% of principal. BofA Securities and Citigroup Global Markets led the group and each took $88,000,000\. MUFG Securities Americas took $37,600,000, while SMBC Nikko Securities America, U.S. Bancorp Investments and Wells Fargo Securities each took $32,800,000\. PNC Capital Markets took $18,800,000, and BNY Mellon Capital Markets and Loop Capital Markets each took $9,600,000. ## Refinancing the 2027 notes S&P Global Ratings [assigned its BBB rating](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3653174?ref=bullished.co) to the proposed notes on Nov. 2, matching Textron's existing senior unsecured debt. S&P said Textron plans to use the proceeds to repay $350 million of 3.65% notes due in 2027, leaving leverage unchanged. S&P also noted that Textron plans to divest its Industrial segment, which would make it a pure-play aerospace and defense company. That segment makes Kautex automotive fuel systems, golf cars, utility vehicles and turf equipment. ## The business behind the debt Textron reported total revenues of $14.8 billion for 2025, and U.S. government contracts generated about 27% of them. Beyond Textron Aviation and Bell, the company runs Textron Systems, which makes unmanned aircraft, armored vehicles and Lycoming piston engines, and a finance arm that lends mainly to buyers of its aircraft and helicopters. Textron shares traded at $86.61 in Wednesday trading, down 1.30% from the prior close of $87.75. The 2032 notes pay a 5.500% coupon, [against 3.65% on](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3653174?ref=bullished.co) the 2027 notes they are meant to replace. Learn - [Item 8.01: other events →](https://www.bullished.co/learn/8-k-items-explained/#item-801-other-events) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — TEXTRON INC (TXT)](https://www.sec.gov/Archives/edgar/data/0000217346/000110465926122606/tm2628414d4%5F8k.htm?ref=bullished.co) — SEC EDGAR - [Exhibit tm2628414d4\_ex1-1.htm — TEXTRON INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000217346/000110465926122606/tm2628414d4%5Fex1-1.htm?ref=bullished.co) — SEC EDGAR - [Textron Inc.'s Proposed Senior Unsecured Notes Ra | S&P Global Ratings](https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3653174?ref=bullished.co) — spglobal.com - [Textron: Q3 Earnings Snapshot](https://finance.yahoo.com/markets/stocks/articles/textron-q3-earnings-snapshot-103747627.html?ref=bullished.co) — Associated Press ### More on Textron - [Textron Lifts MV-75 Charge Estimate To $110 Million-$150 Million As Stock Jumps 13.6%](https://www.bullished.co/textron-lifts-mv-75-charge-estimate-to-110-million-150-million-as-stock-jumps-13-6-9b6c41d7/) - [Textron Stock Soars 12%, Adding $1.6 Billion, After Raising Full-Year Profit Outlook](https://www.bullished.co/textron-stock-soars-12-adding-1-6-billion-after-raising-full-year-profit-outlook-baf953c5/) - [Textron CFO Says MV-75 Charge Would Rise To 110 To 150 If Production Award Slips Into Next Year](https://www.bullished.co/textron-cfo-says-mv-75-charge-would-rise-to-110-to-150-if-production-award-slips-into-next-54c0da06/) [All Textron (TXT) coverage →](https://www.bullished.co/tag/txt/)