L3 Initiates Redemption of Its 5.20% Senior Notes Due 2019 and Its 4.75% Senior Notes Due 2020
June 06 2018 - 2:07PM
Business Wire
L3 Technologies, Inc. (NYSE:LLL) (“L3”) announced today that it
has initiated the redemption of its 5.20% Senior Notes due 2019
(the “2019 Notes”) and its 4.75% Senior Notes due 2020 (together
with the 2019 Notes, the “Notes”). Following the redemption of the
Notes, no Notes will remain outstanding.
Each series of Notes will be redeemed on July 6, 2018 (the
“Redemption Date”), at a redemption price equal to 100.00% of the
principal amount thereof plus a make-whole premium, as applicable
to each series of Notes, to be calculated as set forth in the
applicable Notice of Redemption for the respective series of Notes,
plus accrued and unpaid interest, if any, to, but not including,
the Redemption Date (as applicable to each series of Notes, the
“Redemption Price”). Notes held through DTC should be surrendered
for redemption in accordance with DTC’s procedures therefor. The
Notice of Redemption for the each series of Notes was sent to all
registered holders on June 6, 2018. 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 either series of Notes.
Headquartered in New York City, L3 Technologies employs
approximately 31,000 people worldwide and is a leading provider of
a broad range of communication, electronic and sensor systems used
on military, homeland security and commercial platforms. L3 is also
a prime contractor in aerospace systems, security and detection
systems, and pilot training. The company reported 2017 sales of
$9.6 billion.
To learn more about L3, please visit the company’s website at
www.L3T.com. L3 uses its website as a channel of distribution of
material company information. Financial and other material
information regarding L3 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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