RTX Corp Issues New Notes Due 2030 at 2.150%

TL;DR

**RTX just issued new debt, watch for impact on their financials.**

AI Summary

RTX Corp filed an 8-K on January 23, 2024, to report on its results of operations and financial condition, specifically regarding a new debt issuance. The filing mentions "rtx:Notes2.150Due2030Member" which indicates the company has issued notes due in 2030 with a 2.150% interest rate. This matters to investors because new debt can impact the company's financial leverage and future earnings, potentially affecting stock valuation.

Why It Matters

This filing indicates RTX Corp has taken on new debt, which can affect its financial health and future profitability. Investors should consider how this new obligation impacts the company's balance sheet and cash flow.

Risk Assessment

Risk Level: medium — Issuing new debt, while common, introduces additional financial obligations and interest expenses, which could impact future earnings and financial flexibility.

Analyst Insight

Investors should monitor RTX Corp's upcoming financial statements to assess the full impact of this new debt on its balance sheet, cash flow, and profitability. Pay attention to the total amount of debt issued, which is not specified in this summary filing.

Key Numbers

• 2.150% — Interest Rate (The interest rate on the newly issued notes due in 2030.)
• 2030 — Maturity Year (The year the new notes issued by RTX Corp are due.)

Key Players & Entities

• RTX Corp (company) — the registrant filing the 8-K
• 2030 (date) — maturity year for the new notes
• 2.150% (dollar_amount) — interest rate for the new notes
• January 23, 2024 (date) — date of the earliest event reported and filing date

Forward-Looking Statements

• RTX Corp's interest expense will increase due to the new notes. (RTX Corp) — high confidence, target: 2024-12-31

FAQ

From the Filing

0000101829-24-000005.txt : 20240123 0000101829-24-000005.hdr.sgml : 20240123 20240123065825 ACCESSION NUMBER: 0000101829-24-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240123 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RTX Corp CENTRAL INDEX KEY: 0000101829 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 060570975 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00812 FILM NUMBER: 24550468 BUSINESS ADDRESS: STREET 1: 1000 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 781-522-3000 MAIL ADDRESS: STREET 1: 1000 WILSON BLVD CITY: ARLINGTON STATE: VA ZIP: 22209 FORMER COMPANY: FORMER CONFORMED NAME: RAYTHEON TECHNOLOGIES CORP DATE OF NAME CHANGE: 20200406 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TECHNOLOGIES CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TECHNOLOGIES MICROELECTRONICS CENTER DATE OF NAME CHANGE: 19850825 8-K 1 rtx-20240123.htm 8-K rtx-20240123 false 0000101829 0000101829 2024-01-23 2024-01-23 0000101829 us-gaap:CommonStockMember 2024-01-23 2024-01-23 0000101829 rtx:Notes2.150Due2030Member 2024-01-23 2024-01-23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________  FORM 8-K ____________________________________  CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2024 ____________________________________  RTX CORPORATION (Exact name of registrant as specified in its charter) ____________________________________  Delaware 001-00812 06-0570975 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Wilson Boulevard, Arlington, Virginia 22209 (Address of principal executive offices, including zip code) (781) 522-3000 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company    ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($1 par value) RTX New York Stock Exchange (CUSIP 75513E 101) 2.150% Notes due 2030 RTX 30 New York Stock Exchange (CUSIP 75513E AB7) Section 2—Financial Information Item 2.02. Results of Operations and Financial Condition. On January 23, 2024, RTX Corporation (the “ Company ”) issued a press release announcing its fourth quarter 2023 results. The press release issued January 23, 202