Hexcel Corporation Debt Offering and Redemption of Senior Notes

Hexcel Corporation announced the issuance of $400,000,000 aggregate principal amount of 4.900% Senior Notes due 2031. The net proceeds from this offering, estimated at approximately $395,200,000 after expenses, will be used to fund the redemption of the Company's outstanding $400,000,000 aggregate principal amount of 3.950% Senior Notes due 2027. The redemption of the 2027 Notes is scheduled for May 28, 2026, and is contingent upon the successful completion of the new notes offering. The company has entered into an underwriting agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and U.S. Bancorp Investments, Inc. for the sale of the new notes. The new notes will bear interest at 4.900% per annum, payable semi-annually, and will mature on May 15, 2031. The offering and redemption are part of Hexcel's ongoing financial management strategy.