L-3 Initiates Redemption of Its Outstanding 1.50% Senior Notes Due 2017
November 30 2016 - 8:58AM
Business Wire
L-3 Communications Holdings, Inc. (NYSE:LLL) announced today
that L-3 Communications Corporation, its wholly owned subsidiary,
has initiated a redemption of $350,000,000 aggregate principal
amount of its 1.50% Senior Notes due in 2017 (the “Notes”).
Following the redemption of the Notes, no Notes will remain
outstanding.
The Notes will be redeemed on December 30, 2016 (the “Redemption
Date”), at a redemption price equal to 100.00% of the aggregate
principal amount thereof plus a make-whole premium, to be
calculated as set forth in the Notice of Redemption for the Notes,
plus accrued and unpaid interest, if any, to the Redemption Date
(the “Redemption Price”). On or before December 30, 2016, the Notes
should be presented to The Bank of New York Mellon Trust Company,
N.A., as paying agent for the redemption, at the address set forth
in the Notice of Redemption for the Notes. The Notice of Redemption
for the Notes was sent to all registered holders on November 30,
2016. Interest on the Notes will cease to accrue on and after the
Redemption Date, and the only remaining right of holders of the
Notes is to receive payment of the Redemption Price.
This press release shall not constitute a notice of redemption
of the Notes.
Headquartered in New York City, L-3 employs approximately 38,000
people worldwide and is a leading provider of a broad range of
communication and electronic systems and products used on military
and commercial platforms. L-3 is also a prime contractor in
aerospace systems. The company reported 2015 sales of $10.5
billion.
To learn more about L-3, please visit the company’s website at
www.L-3com.com. L-3 uses its website as a channel of distribution
of material company information. Financial and other material
information regarding L-3 is routinely posted on the company’s
website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995Except for historical information contained
herein, the matters set forth in this news release are
forward-looking statements. Statements that are predictive in
nature, that depend upon or refer to events or conditions or that
include words such as “expects,” “anticipates,” “intends,” “plans,”
“believes,” “estimates,” “will,” “could” and similar expressions
are forward-looking statements. The forward-looking statements set
forth above involve a number of risks and uncertainties that could
cause actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company’s
Safe Harbor Compliance Statement for Forward-Looking Statements
included in the company’s recent filings, including Forms 10-K and
10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and the
company undertakes no obligation to update these forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161130005750/en/
L-3Corporate Communications212-697-1111
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