Common Contracts
1 similar Note Repurchase Agreement contracts
Northrop Grumman Reaches Agreement on TRW Auto Note Sale and Contractual IssuesNote Repurchase Agreement • May 27th, 2020
LOS ANGELES, Oct. 13 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE: NOC) has reached an agreement with TRW Automotive Holdings Corp. (TRW Auto) regarding the repurchase of a $600 million original principal amount subordinated 8% payment-in-kind note due 2018. The note, which Northrop Grumman received as part of the February 2003 sale of its automotive business, was valued at $455 million at the time of the transaction. As of September 30, 2004, the note, including accrued interest, was valued at $543 million.
