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Textron to use new funds to finance aircraft


Well-known member
Nov 28, 2001
Total Time

Textron, the manufacturing conglomerate, whose companies include aircraft builder Cesssa and Bell helicopter, is offering $650M in a cash tender which will provide financing through its lending arm Textron Financial. This is the first offering since May for the Providence, R.I. based company.

During the recent recession, Textron Financial produced staggering losses for the company and the decision to use the lend again may be a further sign that the economic crisis is ebbing for both the economy as a whole and Textron in particular.