HXL Hexcel Corporation

Hexcel Announces 13.3% Increase in Quarterly Dividend

Regulatory News:

Hexcel Corporation (NYSE:HXL) today announced that the Company’s Board of Directors has approved a two cent increase in the Company’s quarterly cash dividend rate (from $0.15 to $0.17 per common share). The dividend declared today is payable on August 9, 2019 to stockholders of record as of August 2, 2019.

“The Board of Directors endorsement of an increased dividend reflects confidence in our ability to consistently deliver strong operating performance and generate increasing free cash flow. Our robust outlook, strong balance sheet and disciplined capital deployment strategy enables us to increase dividends to our stockholders while we continue to invest in technology and capacity to support our growth,” said Nick Stanage, Hexcel’s Chairman, CEO and President.

Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures, used in commercial aerospace, space and defense and industrial applications.

EN
22/07/2019

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Reports on Hexcel Corporation

Hexcel Corporation: Update to credit analysis following affirmation of...

Our credit view of this issuer reflects its strong competitive position and barriers to entry, constrained by sector supply chain issues and program platform and customer concentration.

Moody's Ratings affirms Hexcel Corporation's senior unsecured ratings ...

Moody's Ratings (Moody's) affirmed its ratings for Hexcel Corporation ("Hexcel"), including the company's Baa3 senior unsecured ratings. The outlook is stable. The ratings affirmation reflects our expectation that the company will maintain credit metrics in line with an investment grade rating des...

Hexcel Corporation: Update to credit analysis

Our credit view of this issuer reflects its strong competitive position and meaningful barriers to entry, balanced against its large exposure to commercial aerospace and wide-body aircraft.

 PRESS RELEASE

Hexcel Prices $300 Million of 5.875% Senior Notes Due 2035

STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) today priced an offering of $300 million of unsecured 5.875% Senior Notes due 2035. The notes will be sold at a price of 99.985% of their face value. The net proceeds from this offering are estimated to be approximately $298 million. Hexcel intends to use the net proceeds from the offering to fund the redemption of its unsecured 4.700% Senior Notes due 2025, of which $300 million was outstanding as of the date hereof. The offering is expected to close on February 26, 2025, subject to customary closing conditions. BofA Securi...

Moody's Ratings assigns Baa3 rating to Hexcel's new senior unsecured n...

Moody's Ratings (Moody's) assigned a Baa3 rating to Hexcel Corporation ("Hexcel")'s new senior unsecured notes. The issuance does not impact other ratings of Hexcel, including the Baa3 senior unsecured ratings. The rating outlook is stable. Proceeds from the proposed senior unsecured notes are exp...

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