Textron US$350m 5.500% notes due 2032, Nov 2026
General corporate purposes, including redeeming or repaying the US$350m 3.650% notes due March 2027
Key terms
- Borrower or issuer
- Textron
- Date
- 2 Nov 2026
- Type
- Bond
- Amount
- US$350m
- Pricing
- 5.500% coupon at 99.801% to yield 5.545% (T+85bp)
- Maturity
- 2032-03-15
- Rating at issue
- BBB (index)
Recorded terms
- Structure
- SEC-registered senior notes: US$350m 5.500% Notes due 2032
- Use of proceeds
- General corporate purposes, including redeeming or repaying the US$350m 3.650% notes due March 2027
- Lenders and arrangers
- Joint book-running managers: BofA Securities, Citigroup, MUFG, SMBC Nikko, U.S. Bancorp Investments, Wells Fargo Securities; senior co-manager PNC Capital Markets; co-managers BNY Mellon Capital Markets, Loop Capital Markets (from the SEC filing)
- Country
- United States
Rating at issue
Rated BBB at issue on the index basis (middle of three agencies, lower of two), from the SEC pricing term sheet for the notes.
Expected Ratings (Moody’s/S&P):* Baa1 (stable) / BBB (stable)
Ratings change over time; check the agencies for the current rating.
Parties
- Textron borrower or issuer
- Lenders: BofA Securities, Citigroup, Wells Fargo, MUFG, SMBC Group, US Bancorp, PNC, BNY Mellon, Loop Capital
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More from Textron
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Oct 2025 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 16 Oct 2025 | Textron US$1.0bn revolving credit facility (2025) | Bank facility | US$1bn |
| 11 Feb 2025 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 8 Nov 2023 | Textron US$350m senior notes (1 tranche) | Bond | US$350m |
| 4 Aug 2020 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 1 Apr 2020 | Textron US$500m 364-day term loan (2020) | Bank facility | US$500m |
Sources
- Textron pricing term sheet (FWP) sec.gov · 2 Nov 2026
- Textron preliminary prospectus supplement (424B3) sec.gov · 2 Nov 2026
About this record
Record last checked against its sources on .
Record DEF-2026-0060, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.