General Dynamics Corporation $1 Billion Notes Offering
Davis Polk advised the joint book-running managers on an SEC-registered offering by General Dynamics Corporation of $500 million aggregate principal amount of 1.875% notes due 2023 and $500 million aggregate principal amount of 2.125% notes due 2026. The notes are fully and unconditionally guaranteed by certain subsidiaries of General Dynamics.
Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions and information technology (IT) services; and shipbuilding.
The Davis Polk corporate team included partners Richard A. Drucker and John G. Crowley and associates Julia Danforth and Brian Fox. Partner Michael Mollerus and associates Catherine L. Chu and Gil Savir provided tax advice. Counsel Loyti Cheng and associate Yuko Masunaga provided environmental advice. All members of the Davis Polk team are based in the New York office.