L3Harris Technologies Announces Final Results and Settlement of Exchange Offers
May 05 2020 - 5:00PM
Business Wire
L3Harris Technologies (NYSE: LHX) today announced the final
results and settlement of the previously announced offers to
exchange all of the outstanding notes issued by L3Harris as set
forth in the table below for an equal principal amount of new notes
registered under the Securities Act of 1933, as amended.
The Exchange Offers expired at 5 p.m., New York City time, on
May 1, 2020 (the “Expiration Date”). As of the Expiration Date, the
following principal amounts of each series of Original Notes were
validly tendered and not validly withdrawn:
Title of Series
Aggregate Principal Amount of
Original Notes Outstanding Prior to Commencement of Exchange
Offers
Original Notes Tendered at
Expiration Date
Principal Amount
Percentage
4.950% Senior Notes due 2021
$500,875,000
$500,874,000
99.99%
3.850% Senior Notes due 2023
$740,871,000
$740,671,000
99.97%
3.950% Senior Notes due 2024
$326,529,000
$326,279,000
99.92%
3.850% Senior Notes due 2026
$534,777,000
$534,762,000
99.99%
4.400% Senior Notes due 2028
$971,994,000
$907,994,000
98.91%
The Exchange Offers were made to satisfy L3Harris’ obligations
under the registration rights agreement entered into as part of the
issuance and sale of the Original Notes, which occurred in exchange
for notes previously issued by L3 Technologies, Inc. (“L3”) in
connection with the combination of L3 and Harris Corporation, and
pursuant to the terms and subject to the conditions set forth in
the prospectus filed with the Securities and Exchange Commission on
March 31, 2020 related to the Exchange Offers (the
“Prospectus”).
L3Harris accepted all of the Original Notes tendered in exchange
for the Exchange Notes, and at settlement of the Exchange Offers on
May 5, 2020, L3Harris issued to the holders of Original Notes
tendered prior to 5:00 p.m. New York City time on May 1, 2020
Exchange Notes in an aggregate principal amount equal to the
aggregate principal amount of Original Notes that were accepted for
exchange.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense
technology innovator, delivering end-to-end solutions that meet
customers’ mission-critical needs. The company provides advanced
defense and commercial technologies across air, land, sea, space
and cyber domains. L3Harris has approximately $18 billion in annual
revenue and 50,000 employees, with customers in 130 countries.
L3Harris.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200505006020/en/
Rajeev Lalwani Investor Relations
Rajeev.Lalwani@L3Harris.com 321-727-9383
Jim Burke Media Relations Jim.Burke@L3Harris.com
321-727-9131
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