04:01 AM EST, 02/12/2025 (MT Newswires) -- Hexcel ( HXL ) said late Tuesday that it priced a $300 million offering of unsecured 5.875% senior notes due 2035.

The notes were priced at 99.985% of face value, the company said.

The company intends to use the net proceeds to fund the redemption of unsecured 4.7% senior notes due 2025, of which $300 million is outstanding.

The offering is expected to close on Feb. 26.