Textron Inc. filed a free writing prospectus on November 2, 2026, disclosing the pricing terms for a $350,000,000 offering of 5.500% Notes due March 15, 2032.

Key Highlights

  • Principal amount: $350,000,000 in 5.500% Notes due 2032
  • Price to public: 99.801% of the principal amount
  • Yield to maturity: 5.545%, at a spread of +85 basis points over the benchmark UST 4.750% due October 31, 2031
  • Expected settlement: November 4, 2026 (T+2)
  • Expected ratings: Baa1 (stable) from Moody's and BBB (stable) from S&P
  • Interest payments: March 15 and September 15 each year, commencing March 15, 2027
  • Call provisions: Make-whole call at T+15 bps prior to February 15, 2032; par call on or after February 15, 2032

Textron's November 2026 Note Offering: Pricing and Structure Details

According to the free writing prospectus filed pursuant to Rule 433 under Registration No. 333-293711, Textron Inc. set the terms for a $350,000,000 offering of 5.500% Notes maturing on March 15, 2032. The notes were priced at 99.801% of their principal amount, producing a yield to maturity of 5.545%. The filing identified the benchmark as the UST 4.750% due October 31, 2031, priced at 100-07 3/4 with a yield of 4.695%, placing the spread to that benchmark at +85 basis points.

The notes carry a coupon of 5.500%, with interest payable on March 15 and September 15 of each year, beginning March 15, 2027. The expected settlement date is November 4, 2026, on a T+2 basis. The CUSIP is 883203 CG4 and the ISIN is US883203CG46, as disclosed in the filing. Textron's expected ratings for the notes, as stated in the term sheet, are Baa1 with a stable outlook from Moody's and BBB with a stable outlook from S&P. The filing notes that "a securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time."

The joint book-running managers listed in the filing are BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC. PNC Capital Markets LLC is identified as senior co-manager, with BNY Mellon Capital Markets, LLC and Loop Capital Markets LLC serving as co-managers. The filing directs prospective investors to the full registration statement and prospectus on the SEC's EDGAR system for complete information.

What Was Disclosed

Textron Inc. disclosed the pricing terms for a $350,000,000 offering of 5.500% Notes due March 15, 2032, including the public offering price, yield to maturity, spread to benchmark, call provisions, settlement date, and the identities of the underwriting syndicate.