Raytheon redeems $575 million 1.4% notes, $400 million 1.625% notes

By Marisa Wong

Madison, Wis., Jan. 10 - Raytheon Co. gave notice that it redeemed in full on Dec. 28 its $575 million of outstanding 1.4% notes due Dec. 15, 2014 and $400 million of outstanding 1.625% notes due Oct. 15, 2015.

The 1.4% notes were redeemed at a price of 101.855, and the 1.625% notes were redeemed at 103.319.

The redemptions were funded with proceeds from a public offering of notes, as announced in November.

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

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