RTX Prices $1.5B Notes Offering

TL;DR

RTX just priced a $1.5B debt offering for 2030 notes, likely for growth.

AI Summary

RTX Corporation announced on October 16, 2024, that it has priced a public offering of $1.5 billion aggregate principal amount of its 4.750% notes due 2030. The offering is expected to close on October 18, 2024. The net proceeds from this offering will be used for general corporate purposes, including funding potential future acquisitions and capital expenditures.

Why It Matters

This debt issuance provides RTX with capital for strategic growth initiatives, potentially impacting future acquisitions and operational expansion.

Risk Assessment

Risk Level: low — The filing is a standard debt offering announcement with no immediate negative implications for the company.

Key Numbers

• $1.5B — Notes Offering (Aggregate principal amount of 4.750% notes due 2030 priced by RTX.)
• 4.750% — Interest Rate (Coupon rate on the notes due 2030.)
• 2030 — Maturity Year (Year the notes are due.)

Key Players & Entities

• RTX Corporation (company) — Registrant
• $1.5 billion (dollar_amount) — Aggregate principal amount of notes offered
• 4.750% notes due 2030 (dollar_amount) — Specific debt instrument
• October 16, 2024 (date) — Date of report
• October 15, 2024 (date) — Earliest event reported
• October 18, 2024 (date) — Expected closing date of offering

FAQ

Key Financial Figures

• $1 — ange on which registered Common Stock ($1 par value) RTX New York Stock Exchange
• $282 million — inal monetary penalty and forfeiture of $282 million to be paid to the DOJ within 10 busines
• $102 million — s of the FCPA. The order provides for a $102 million payment to the SEC that includes disgor
• $147 million — for a criminal penalty in the amount of $147 million to be paid within 10 business days, and
• $428 m — FCA settlement payment in the amount of $428 million, which includes restitution, plus

Filing Documents

• rtx-20241015.htm (8-K) — 41KB
• a2024-10x15exhibit991.htm (EX-99.1) — 444KB
• a2024-10x15exhibit992.htm (EX-99.2) — 362KB
• a2024-10x15exhibit993.htm (EX-99.3) — 96KB
• a2024-10x15exhibit994.htm (EX-99.4) — 162KB
• 0000101829-24-000033.txt ( ) — 1449KB
• rtx-20241015.xsd (EX-101.SCH) — 3KB
• rtx-20241015_def.xml (EX-101.DEF) — 15KB
• rtx-20241015_lab.xml (EX-101.LAB) — 27KB
• rtx-20241015_pre.xml (EX-101.PRE) — 16KB
• rtx-20241015_htm.xml (XML) — 4KB

01

Item 8.01. Other Events. On October 15, 2024, Raytheon Company ("Raytheon"), a wholly-owned subsidiary of RTX Corporation (the "Company"), entered into a deferred prosecution agreement ("DPA") ( " DPA-1" ) with the Department of Justice ("DOJ"), and on October 16, 2024, the Company became subject to an administrative order issued by the Securities and Exchange Commission ("SEC") to resolve the previously disclosed criminal and civil government investigations into payments made by Raytheon and its joint venture, Thales-Raytheon Systems ("TRS"), in connection with certain Middle East contracts since 2012. On October 16, 2024, Raytheon also entered into a DPA ("DPA-2") and a False Claims Act ("FCA") settlement agreement (the "FCA Settlement Agreement") with the DOJ to resolve previously disclosed criminal and civil government investigations into defective pricing claims for certain legacy Raytheon contracts entered into between 2011 and 2013 and in 2017. The Company agreed to certain terms and obligations in DPA-1 and DPA-2. Pursuant to DPA-1, the DOJ will defer, for a period of three years, criminal prosecution of Raytheon related to Raytheon's conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act ("FCPA") and conspiracy to violate the Arms Export Control Act ("AECA") by failing to make related disclosures of certain payments that qualified as fees, commissions and/or political contributions under Part 130 of the International Traffic in Arms Regulations ("ITAR") . If Raytheon and the Company each fully complies with all of their respective obligations in DPA-1 during the DPA's three-year term, the DOJ will move for dismissal with prejudice of the deferred charges against Raytheon. DPA-1 provides for a criminal monetary penalty and forfeiture of $282 million to be paid to the DOJ within 10 business days. In addition, the SEC's administrative cease and desist order found that Raytheon violated the anti-bribery, books and records, an

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Deferred Prosecution Agreement between Raytheon Company and the U.S. Department of Justice dated October 15, 2024. 99.2 Deferred Prosecution Agreement between Raytheon Company and the U.S. Department of Justice dated October 16, 2024 . 99.3 Settlement Agreement between Raytheon Company and the U.S. Department of Justice dated October 16, 2024 . 99.4 Securities and Exchange Commission Administrative Order dated October16, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RTX CORPORATION (Registrant) Date: October 16, 2024 By: /s/ RAMSARAN MAHARAJH Ramsaran Maharajh Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR