BAE Systems US$1.5bn guaranteed notes (3 tranches)
General corporate purposes, including repayment of indebtedness
Key terms
- Borrower or issuer
- BAE Systems
- Date
- 4 Dec 2015
- Type
- Bond
- Amount
- US$1.5bn
- Pricing
- 2.850% / 3.850% / 4.750%
- Maturity
- 2020-2044
Recorded terms
- Structure
- Rule 144A / Reg S notes issued by BAE Systems Holdings Inc., guaranteed by BAE Systems plc: US$500m 2.850% due 2020; US$750m 3.850% due 2025; US$250m 4.750% due 2044
- Country
- United Kingdom
Parties
- BAE Systems borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Nov 2015 | Lockheed Martin US$7,000m senior notes (6 tranches) | Bond | US$7bn |
| 2 Nov 2015 | Huntington Ingalls Industries US$600m 5.000% senior notes due 2025 | Bond | US$600m |
| 7 Mar 2016 | Textron US$350m 4.000% notes due 2026 | Bond | US$350m |
| 31 May 2016 | Thales €600m 0.75% bond due 2023 | Bond | €600m |
| 1 May 2015 | RTX (Raytheon Technologies) US$850m 4.150% senior notes due 2045 | Bond | US$850m |
More from BAE Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| Mar 2024 | BAE Systems US$4.8bn notes refinancing the Ball Aerospace acquisition | Bond | US$4.8bn |
| 9 Sep 2020 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Bond | US$2bn |
| 8 Apr 2020 | BAE Systems US$1.3bn 3.400% notes due 2030 | Bond | US$1.3bn |
M&A and investment involving BAE Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 16 Feb 2024 | BAE Systems acquisition of Ball Aerospace | M&A | US$5.5bn |
Sources
- BAE Systems RNS: bond issue investegate.co.uk · 4 Dec 2015
About this record
Record DEF-2015-0007, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
