L3Harris said it closed the issuance and sale of notes with an aggregate amount of $2.25 billion on March 13, 2024. The notes consist of $750 million aggregate principal amount of 5.050% notes due 2029, 5.250% notes due 2031 and 5.350% notes due 2034.

1. 01

   L3Harris said it closed the issuance and sale of notes with an aggregate amount of $2.25 billion on March 13, 2024. The notes consist of $750 million aggregate principal amount of 5.050% notes due 2029, 5.250% notes due 2031 and 5.350% notes due 2034.

2. 02

   The company said it issued and sold the notes under its automatic shelf registration statement on Form S-3, filed on February 28, 2023. It entered into an underwriting agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC on March 11, 2024.

3. 03

   L3Harris said it used the net proceeds from the sale of the notes on March 14, 2024 to repay borrowings under its $2.25 billion, 3-year senior unsecured term loan facility (Term Loan 2025) and to pay accrued interest, fees and expenses associated with the repayment.

4. 04

   The company said the notes were issued on September 3, 2003 under an indenture with The Bank of New York Mellon Trust Company, N.A. as trustee. It also disclosed that certain underwriters are lenders under Term Loan 2025.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.