Hexcel redeems $400M 2027 notes with new 2031 debt

Hexcel Corporation redeemed its 3.950% Senior Notes due 2027 using proceeds from a new debt issue.

Rhea-AI Filing Summary

Hexcel Corporation redeemed its 3.950% Senior Notes due 2027 using proceeds from a new debt issue. The company had previously completed a public offering of $400 million aggregate principal amount of 4.900% Senior Notes due 2031. On May 28, 2026, Hexcel applied the net proceeds from the 2031 Notes, together with cash on hand, to redeem all $400 million principal outstanding of the 2027 Notes under its existing indenture with U.S. Bank Trust Company, National Association.

Insights

Corporate credit and capital structure analyst

Hexcel refinances $400M notes by shifting maturity from 2027 to 2031.

Hexcel replaced its 3.950% Senior Notes due 2027 with $400 million of 4.900% Senior Notes due 2031. This extends debt maturity by four years while modestly increasing the coupon rate from 3.950% to 4.900%.

The redemption used net proceeds from the new 2031 Notes plus cash on hand, so gross debt related to these tranches remains at $400 million principal. The transaction follows the existing indenture and a supplemental indenture with U.S. Bank Trust Company, National Association.

Overall this is a capital structure management move disclosed in an 8-K, with the main effects being a longer debt maturity profile and higher interest cost on the refinanced notes. Actual financial impact depends on Hexcel’s broader balance sheet and cash flows disclosed in other filings.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

New notes principal: $400 million New notes coupon: 4.900% Redeemed notes principal: $400 million +4 more

7 metrics

New notes principal $400 million Aggregate principal amount of 4.900% Senior Notes due 2031

New notes coupon 4.900% Interest rate on Senior Notes due 2031

Redeemed notes principal $400 million Aggregate principal of 3.950% Senior Notes due 2027 redeemed

Redeemed notes coupon 3.950% Interest rate on Senior Notes due 2027

Redemption date May 28, 2026 Date Hexcel applied proceeds to redeem 2027 Notes

Base indenture date August 3, 2015 Date of Indenture with U.S. Bank Trust Company

Second supplemental indenture date February 16, 2017 Date of Second Supplemental Indenture for 2027 Notes

Key Terms

Senior Notes, aggregate principal amount, Indenture, Second Supplemental Indenture, +1 more

5 terms

Senior Notes financial

"public offering of $400 million aggregate principal amount of 4.900% Senior Notes due 2031"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

aggregate principal amount financial

"public offering of $400 million aggregate principal amount of 4.900% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

Indenture regulatory

"pursuant to the provisions of the Indenture, dated as of August 3, 2015"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

Second Supplemental Indenture regulatory

"as supplemented by that certain Second Supplemental Indenture, dated as of February 16, 2017"

Trustee financial

"between the Company and U.S. Bank Trust Company, National Association ... as trustee"

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What debt transaction did Hexcel Corporation (HXL) report in this 8-K?

Hexcel reported redeeming all $400 million principal of its 3.950% Senior Notes due 2027. The company funded the redemption using net proceeds from its new 4.900% Senior Notes due 2031, together with available cash on hand under its existing indenture framework.

How much new debt did Hexcel (HXL) issue and at what interest rate?

Hexcel completed a public offering of $400 million aggregate principal amount of 4.900% Senior Notes due 2031. These notes carry a 4.900% coupon and were used, along with cash on hand, to fund the full redemption of the company’s older 2027 notes.

Which Hexcel notes were redeemed and in what amount?

Hexcel redeemed all of its 3.950% Senior Notes due 2027, representing an aggregate principal amount of $400 million. The redemption was carried out under the terms of the existing 2015 indenture and a 2017 second supplemental indenture with U.S. Bank Trust Company, National Association.

When did Hexcel apply proceeds to redeem its 2027 Senior Notes?

Hexcel applied the net proceeds from its 2031 Senior Notes offering, together with cash on hand, to redeem the 2027 Senior Notes on May 28, 2026. This action retired all $400 million principal of the 3.950% Senior Notes due 2027 in a single redemption transaction.

What is the difference between Hexcel’s 2027 and 2031 Senior Notes?

The redeemed 2027 notes carried a 3.950% interest rate and matured in 2027. The new 2031 notes carry a 4.900% interest rate, mature in 2031, and total $400 million principal, extending Hexcel’s debt maturity while increasing the coupon rate on this tranche.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/28/2026 - 04:31 PM Learn about SEC filing dates

false000071760500007176052026-05-282026-05-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2026

Hexcel Corporation

(Exact name of Registrant as Specified in Its Charter)

Delaware	1-8472	94-1109521
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Two Stamford Plaza 281 Tresser Boulevard Stamford, Connecticut		06901-3238
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code:  (203) 969-0666

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01		HXL		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Section 1 –  Registrant’s Business and Operations

Item 1.02 Termination of a Material Definitive Agreement.

Hexcel Corporation (the “Company”) filed a Current Report on Form 8-K on April 30, 2026, disclosing its public offering of $400 million aggregate principal amount of 4.900% Senior Notes due 2031 (the “2031 Notes”). Also on such date, the Company disclosed that it had elected to redeem its 3.950% Senior Notes due 2027 (the “2027 Notes”). On May 28, 2026, the Company applied the net proceeds from the issuance of the 2031 Notes, together with cash on hand, to redeem all of the outstanding 2027 Notes, representing an aggregate principal amount of $400 million. The 2027 Notes were issued and the redemption was effected pursuant to the provisions of the Indenture, dated as of August 3, 2015, between the Company and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”), as supplemented by that certain Second Supplemental Indenture, dated as of February 16, 2017, between the Company and the Trustee.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HEXCEL CORPORATION
Date:  May 28, 2026	/s/ Gail E. Lehman
	Gail E. Lehman
	Executive Vice President, Chief Legal and Sustainability Officer, and Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB