Harris Corp /DE/ - Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
November 30 2007 - 3:04PM
Edgar (US Regulatory)
Free
Writing Prospectus Filed Pursuant to Rule 433
(Related to Preliminary Prospectus
Supplement
Dated November 29, 2007)
Registration No. 333-132238
HARRIS CORPORATION
FINAL TERM SHEET
Dated:
November 30, 2007
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Issuer:
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Harris Corporation
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Size:
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$400,000,000
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Maturity:
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December 1, 2017
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Coupon (Interest Rate):
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5.950%
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Yield to Maturity:
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5.997%
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Spread to Benchmark Treasury:
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200 basis points
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Benchmark Treasury:
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4.250% due November 15, 2017
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Benchmark Treasury Price:
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102-02
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Benchmark
Treasury Yield:
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3.997%
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Interest Payment Dates:
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June 1 and December 1, commencing on
June 1, 2008
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Make-Whole Call:
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Treasury Rate plus 30 basis points
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Price to Public:
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99.652%
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Use
of Proceeds:
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We will use the net proceeds from
the sale of the notes for general corporate purposes, including
repayment of all of the outstanding indebtedness under our commercial
paper program incurred in connection with our acquisition of Multimax
and the repurchase and retirement of $25 million of the 6.35%
debentures, due fiscal 2028 from an institution participating in this
offering.
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Settlement Date:
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December 5, 2007
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Ratings:
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Baa1 by Moodys Investors Service,
Inc.; BBB+ by Standard & Poors
Ratings Services
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CUSIP:
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413875AK1
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Joint Book-Running Managers:
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Banc of America Securities LLC;
Morgan Stanley & Co. Incorporated
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be
subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at
www.sec.gov
. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus if you request it from either
Banc of America Securities LLC by calling toll-free 1-800-294-1322 or you may e-mail a request to
dg.prospectus_distribution@bofasecurities.com
or by contacting Morgan Stanley & Co. Incorporated by
calling toll-free 1-866-718-1649.
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