Hexcel Prices $300 Million of 5.875% Senior Notes Due 2035
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Hexcel Corporation has priced an offering of $300 million in 5.875% Senior Notes due 2035. The proceeds will be used to redeem its 4.700% Senior Notes due 2025.
February 11, 2025 | 11:00 pm
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Hexcel Corporation has issued $300 million in 5.875% Senior Notes due 2035 to refinance its existing 4.700% notes due 2025.
Hexcel is refinancing its debt by issuing new notes at a higher interest rate, which may increase interest expenses but extends the maturity. This is a neutral move as it manages debt maturity but at a higher cost.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100