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

From the Filing

0000101829-24-000033.txt : 20241016 0000101829-24-000033.hdr.sgml : 20241016 20241016171521 ACCESSION NUMBER: 0000101829-24-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20241015 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241016 DATE AS OF CHANGE: 20241016 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: 241375349 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-20241015.htm 8-K rtx-20241015 false 0000101829 0000101829 2024-10-15 2024-10-15 0000101829 us-gaap:CommonStockMember 2024-10-15 2024-10-15 0000101829 rtx:Notes2.150Due2030Member 2024-10-15 2024-10-15 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): October 16, 2024 ( October 15, 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)) 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) 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.    ¨ 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”),