Harris Corporation to Raise $300 Million in Note Offering
September 15 2005 - 10:15AM
PR Newswire (US)
MELBOURNE, Fla., Sept. 15 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE:HRS) announced today that it intends to offer
US$300 million aggregate principal amount of 10-year fixed-rate
notes to be issued pursuant to the company's shelf-registration
statement filed with the Securities and Exchange Commission.
Proceeds from the sale of the notes will be used for general
corporate purposes, including the acquisition of Leitch Technology
Corporation. Morgan Stanley and Banc of America Securities will be
acting as Joint Bookrunning Managers. The offering is subject to
market and other conditions. A registration statement relating to
these securities has been filed with the Securities and Exchange
Commission and has become effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. A written prospectus may be obtained, when available, from
Morgan Stanley & Co. Incorporated at 1585 Broadway, New York,
NY, Attn: Prospectus Department, and from Banc of America
Securities LLC at Banc of America Prospectus Department, 100 West
33rd Street, 3rd Floor, New York, NY 10001, telephone number
646-733-4166. Cautionary Statement: Harris' statements in this
press release that are not historical fact and that relate to
future plans or events are forward- looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include Harris' intention to
consummate the issuance of the notes and the intended use of
proceeds. The proposed issuance of notes is subject to conditions,
and there can be no assurance that Harris will complete the
issuance of the notes. In addition, Harris' business is subject to
the risks and uncertainties described in Harris' filings with the
Securities and Exchange Commission. Harris is an international
communications and information technology company serving
government and commercial markets in more than 150 countries. With
headquarters in Melbourne, Florida, the company has annual sales of
over $3 billion and employs 12,600 men and women -- including 5,500
engineers and scientists -- dedicated to the development of
best-in-class assured communications(TM) products, systems, and
services. The company's operating divisions serve markets for
government communications, tactical radio, broadcast, and microwave
systems. Additional information about Harris Corporation is
available at http://www.harris.com/ . DATASOURCE: Harris
Corporation CONTACT: Media, Tom Hausman, +1-321-727-9131, or , or
Investor relations, Pamela Padgett, +1-321-727-9383, or , both of
Harris Corporation Web site: http://www.harris.com/
Copyright
Harris (NYSE:HRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Harris (NYSE:HRS)
Historical Stock Chart
From Jul 2023 to Jul 2024