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

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

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)