ITEM 8.01. Other Events.
On July 30, 2009, Northrop Grumman Corporation (the "Company") issued
$350,000,000 in aggregate principal amount of 3.70% Senior Notes due 2014 (the
"2014 Notes") and $500,000,000 in aggregate principal amount of 5.05% Senior
Notes due 2019 (the "2019 Notes" and, together with the 2014 Notes, the
"Notes"). The Notes were issued pursuant to an indenture (the "Original
Indenture"), dated as of November 21, 2001, as supplemented by a supplemental
indenture (the "Supplemental Indenture"), dated as of July 30, 2009, between the
Company and The Bank of New York Mellon (the "Trustee") (the Original Indenture
as supplemented by the Supplemental Indenture, the "Indenture").
On July 27, 2009, the Company entered into an Underwriting Agreement (the
"Underwriting Agreement") with Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc., J.P. Morgan Securities Inc., Citigroup Global Markets Inc.,
Morgan Stanley & Co. Incorporated and RBS Securities Inc., as representatives of
the several underwriters named therein (the "Underwriters"), pursuant to which
the Company agreed to issue and sell the Notes to the Underwriters.
The Notes are unsecured senior obligations of the Company and will rank
equally and ratably in right of payment with all of the Company's existing and
future unsecured and unsubordinated indebtedness and will rank senior in right
of payment to any future indebtedness of the Company that is subordinated to the
Notes. The Notes will be effectively subordinated to (i) all of the Company's
existing and future secured indebtedness to the extent of the assets securing
that indebtedness, and (ii) all indebtedness and liabilities of the Company's
subsidiaries, including any of the Company's future indebtedness guaranteed by
its subsidiaries. The foregoing description of the Notes does not purport to be
complete. For an understanding of the terms and provisions of the Notes,
reference should be made to the Indenture and the forms of Notes included in the
Supplemental Indenture.
The 2014 Notes will mature on August 1, 2014, and the 2019 Notes will mature
on August 1, 2019. The Company will pay interest on the Notes semi-annually in
arrears on February 1 and August 1 of each year, commencing February 1, 2010.
The Company may at its option redeem the Notes, in whole or in part at any time
or from time to time, at the redemption price described in the Final Prospectus
Supplement filed with the Securities and Exchange Commission dated July 27, 2009
(the "Final Prospectus Supplement").
The Company has on file with the Securities and Exchange Commission an
effective registration statement on Form S-3 dated July 29, 2008 (Registration
No. 333-152596, the "Registration Statement"), including a Prospectus included
in the Registration Statement, a Preliminary Prospectus Supplement dated
July 27, 2009, a Free Writing Prospectus dated July 27, 2009, and the Final
Prospectus Supplement in connection with the public offering of the Notes. The
Company incorporates by reference the exhibits filed with this report into the
Registration Statement.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 1(a) Underwriting Agreement, dated July 27, 2009 among Northrop Grumman
Corporation and Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc., J.P. Morgan Securities Inc., Citigroup Global Markets
Inc., Morgan Stanley & Co. Incorporated and RBS Securities Inc., as
representatives of the several underwriters named therein
Exhibit 4(a) First Supplemental Indenture, dated as of July 30, 2009 between Northrop
Grumman Corporation and The Bank of New York Mellon, as successor to
JPMorgan Chase Bank, Trustee, to Indenture dated as of November 21, 2001
Exhibit 4(b) Form of 3.70% Senior Note due 2014 (included in Exhibit 4(a))
Exhibit 4(c) Form of 5.05% Senior Note due 2019 (included in Exhibit 4(a))
Exhibit 5(a) Opinion of Sheppard, Mullin, Richter & Hampton LLP
Exhibit 23(a) Consent of Sheppard, Mullin, Richter & Hampton LLP (included in
Exhibit 5(a))
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Signature(s)
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.
Northrop Grumman Corporation
(Registrant)
Date: July 30, 2009 By: /s/ Joseph F. Coyne, Jr.
(Signature)
Joseph F. Coyne, Jr.
Corporate Vice President, Deputy
General
Counsel and Secretary
Exhibit Index
Exhibit No. Description of Exhibit
1(a) Underwriting Agreement dated July 27, 2009 among Northrop Grumman
Corporation and Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc., J.P. Morgan Securities Inc., Citigroup Global
Markets Inc., Morgan Stanley & Co. Incorporated and RBS
Securities Inc., as representatives of the several underwriters
named therein
4(a) First Supplemental Indenture, dated as of July 30, 2009 between
Northrop Grumman Corporation and The Bank of New York Mellon, as
successor to JPMorgan Chase Bank, Trustee, to Indenture dated as
of November 21, 2001
5(a) Opinion of Sheppard, Mullin, Richter & Hampton LLP
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