On May 7, 2025, General Dynamics Corporation (GD, Financial) successfully completed the sale of $750 million aggregate principal amount of 4.950% Notes due 2035. This strategic financial maneuver was executed under an Underwriting Agreement dated April 28, 2025, involving key financial institutions such as BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, acting as representatives of the underwriters.
The issuance of these notes was conducted under the Fourth Supplemental Indenture, dated May 7, 2025, which is part of the Indenture initially established on March 22, 2018. The Bank of New York Mellon served as the Trustee for this transaction. This offering was registered under General Dynamics' Registration Statement on Form S-3ASR, filed with the Securities and Exchange Commission on April 18, 2024.
This move is expected to bolster General Dynamics' liquidity and optimize its capital structure, providing the company with enhanced financial flexibility to support its strategic initiatives and growth objectives. The successful completion of this notes sale underscores the company's robust financial standing and its commitment to maintaining a strong balance sheet.
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