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Investors like Northrop Grumman's (NOC +1.3%) move to replace existing 2014 3.7% and 2015 1.85%...

Investors like Northrop Grumman's (NOC +1.3%) move to replace existing 2014 3.7% and 2015 1.85% paper with newly issued senior unsecured notes. NOC will redeem the 2014/2015 notes on June 27 and take a one-time $30M redemption premium charge in Q2. (PR)
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