Raytheon to fund $975 million notes redemption via offering proceeds

By Ashley Montgomery

Kansas City, Kan., Nov. 27 - Raytheon Co. plans to use the proceeds from its planned public offering of notes to fully redeem its 1.4% notes due Dec. 2014 and 1.625% notes due October 2015, according to a filing with the Securities and Exchange Commission.

The company said $575 million of the 1.4% notes and $400 million of the 1.625% notes are outstanding.

Proceeds will also be used for general corporate purposes.

The defense and homeland security technology company is based in Waltham, Mass.

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