TEXTRON FILES SHELF REGISTRATION STATEMENT
TEXTRON FILES SHELF REGISTRATION STATEMENT PROVIDENCE, R.I., March 18 /PRNewswire/ -- Textron Inc.
(NYSE: TXT) announced today that it has filed a shelf registration statement covering $350 million principal amount of unsecured debt securities with the Securities and Exchange Commission, in addition to $155,985,000 principal amount of such securities already registered on a shelf basis. The securities may be issued from time to time in one or more series and will be offered on terms determined at the time of the sale.
The securities may be sold directly by Textron Inc. or through underwriters, dealers or agents designated by Textron. James F. Hardymon, president and chief executive officer of Textron, said the company expects the net proceeds from the sale of these securities to be to be used to refinance certain outstanding debt, including debt incurred in connection with Textron's recent acquisition of The Cessna Aircraft Company, and for general corporate purposes. Textron, Inc. is a multi-industry company with operations in three business sectors -- Aerospace Technology, Commercial Products and Financial Services. -0- 3/18/92 /CONTACT: Raymond W. Caine, Jr. of Textron, 401-421-2800/ (TXT) CO: Textron Inc. ST: Rhode Island IN: ARO SU:
TM -- NE011 -- 9353 03/18/92 15:48 EST
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|Date:||Mar 18, 1992|
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