Textron Inc.'s Proposed $500 Million Bond Offering Rated 'BBB'

NEW YORK (S&P Global Ratings) Oct. 28, 2025--S&P Global Ratings today assigned its 'BBB' issue-level rating to Textron Inc.'s proposed $500 million bond offering. We expect the company will use the proceeds from this offering to repay its existing $350 million bonds due March 2026, as well as to boost its balance sheet cash. Our 'BBB' issuer credit rating and stable outlook on Textron Inc. are unchanged. We anticipate the proposed debt issuance will only marginally increase the company's leverage, thus we expect its credit measures will remain comfortably within our expectations for the rating. Through the first three quarters of 2025, Textron's performance was in line with our expectations, including expanding its revenue while maintaining EBITDA margins of approximately

...October 28, 2025 NEW YORK (S&P Global Ratings) Oct. 28, 2025--S&P Global Ratings today assigned its '###' issue- level rating to Textron Inc.'s proposed $500 million bond offering. We expect the company will use the proceeds from this offering to repay its existing $350 million bonds due March 2026, as well as to boost its balance sheet cash. Our '###' issuer credit rating and stable outlook on Textron Inc. are unchanged. We anticipate the proposed debt issuance will only marginally increase the company's leverage, thus we expect its credit measures will remain comfortably within our expectations for the rating. Through the first three quarters of 2025, Textron's performance was in line with our expectations, including expanding its revenue while maintaining EBITDA margins of approximately 10%. We anticipate the company will further expand its top-line revenue over the next two years, primarily due to robust aircraft demand--specifically strong Citation and turboprop volumes--as well as...

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