Rockwell Collins Prices $1.1 Bln Notes Offering

(RTTNews) - Rockwell Collins, Inc. (COL) said Thursday that it has priced a public offering of $300 million of its Floating Rate Notes due 2016, $400 million of its 3.700% Notes due 2023 and $400 million of its 4.800% Notes due 2043.

The offering is expected to close on December 16.

The proceeds of the offering will be used to finance a portion of the consideration for the previously announced acquisition of ARINC Inc. by Rockwell Collins.

If the ARINC acquisition is not completed on or prior to May 31, 2014, or the merger agreement relating to the ARINC acquisition is terminated prior to such date, Rockwell Collins will redeem the 2016 Notes and the 2043 Notes. The 2023 Notes are not subject to the special acquisition redemption provision. In such event, Rockwell Collins will use the remaining proceeds of the offering for general corporate purposes, including the reduction of outstanding indebtedness.