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Share Name | Share Symbol | Market | Type |
---|---|---|---|
L3Harris Technologies Inc | NYSE:LHX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.90 | 0.43% | 212.24 | 213.32 | 210.162 | 212.50 | 790,905 | 01:00:00 |
Issuer:
|
L3Harris Technologies, Inc.
|
Expected Ratings (Moody’s / S&P / Fitch):(1)
|
Baa2/BBB/BBB (Stable/Stable/Positive)
|
Security Type:
|
Senior unsecured notes (collectively, the “Notes”)
|
Principal Amount:
|
$650,000,000
|
Trade Date:
|
November 10, 2020
|
Settlement Date (T+10):(2)
|
November 25, 2020
|
Maturity Date:
|
January 15, 2031
|
Interest Payment Dates:
|
January 15 and July 15 of each year, commencing on July 15, 2021
|
Public Offering Price:
|
99.962% of the principal amount, plus accrued and unpaid interest, if any, from November 25, 2020
|
Yield to Maturity:
|
1.804%
|
Benchmark Treasury:
|
0.625% due August 15, 2030
|
Spread to Benchmark Treasury:
|
T+85 basis points
|
Benchmark Treasury Price / Yield:
|
96-30 / 0.954%
|
Interest Rate:
|
1.800% per annum
|
Make-Whole Call:
|
At any time prior to October 15, 2030 (the date that is three months prior to the maturity date), at a make-whole redemption price equal to the greater of (a) 100% and (b) the make-whole amount at a discount rate equal to the Treasury Rate
(as defined in the preliminary prospectus supplement) plus 15 basis points, in each case, plus accrued interest to the date of redemption.
|
Par Call:
|
At any time on or after October 15, 2030 (the date that is three months prior to the maturity date), at 100% plus accrued interest to the date of redemption.
|
Minimum Denomination:
|
$2,000 x $1,000
|
CUSIP / ISIN:
|
502431 AN9 / US502431AN98
|
Use of Proceeds:
|
The net proceeds from the offering of the Notes, together with cash on hand, will be used to fund the redemption in full of all of the $650 million aggregate principal amount of the issuer’s 4.950% Notes due February 2021 and paying
accrued interest, fees and expenses associated with such redemption, and for general corporate purposes.
|
Joint Book-Running Managers:
|
Barclays Capital Inc.
HSBC Securities (USA) Inc.
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
BofA Securities, Inc.
Citigroup Global Markets Inc.
Wells Fargo Securities, LLC
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
TD Securities (USA) LLC
|
Senior Co-Managers:
|
Deutsche Bank Securities Inc.
Siebert Williams Shank & Co., LLC
U.S. Bancorp Investments, Inc.
|
1 Year L3Harris Technologies Chart |
1 Month L3Harris Technologies Chart |
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