Boeing-Lockheed JV ULA to issue $500M private placement bond

LMT +0.69% AMZN +1.95% USB +0.03% BRC -0.35%

1. 1United Launch Alliance is planning a roughly $500M private placement bond to refinance existing debt
2. 2The rocket joint venture is owned by Boeing and Lockheed Martin, with Mizuho, Bank of America and Wells Fargo arranging the deal
3. 3It will be sold directly to institutions as a pure private placement, with no public registration or offering, avoiding the volatility of a public deal

Source Bloomberg +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →