Huntington Ingalls Industries Announces Proposed Offering of Senior Notes

NEWPORT NEWS, Va., (Aug. 09, 2021) — Huntington Ingalls Industries, Inc. (NYSE: HII) (“HII” or the “Company”) announced today an offering by the Company of senior notes (collectively, the “Notes,” and such offering, the “Notes Offering”). The Notes Offering is part of the financing for the previously announced acquisition of Alion Science and Technology (“Alion”), pursuant to a Stock Purchase Agreement dated as of July 4, 2021, by and among Alion Holding Corp., Alion Holdings LLC and the Company (the “Alion Acquisition”). The Company intends to use the net proceeds from the Notes Offering, together with borrowings under its term loan credit facility, to fund the purchase price for the Alion Acquisition.

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