Summary
L3Harris Technologies, Inc. (formerly Harris Corporation) announced on April 26, 2013, its decision to exercise its option to redeem its entire outstanding $300 million principal amount of 5% Notes due October 1, 2015. This redemption is scheduled to occur on May 28, 2013. Investors should note that the redemption will be executed at a "make-whole" price, as defined within the terms of the notes. This action indicates the company's proactive management of its debt obligations and capital structure. The accompanying press release, filed as an exhibit, provides the full details of this announcement.
Key Highlights
- 1Harris Corporation is exercising its option to redeem all outstanding $300 million of its 5% Notes due October 1, 2015.
- 2The redemption date for these notes is set for May 28, 2013.
- 3The redemption will occur at a 'make-whole' price, as specified in the indenture for the notes.
- 4This action suggests the company is managing its debt and potentially refinancing at more favorable terms or optimizing its capital structure.
- 5The filing includes a press release dated April 26, 2013, detailing this event.
- 6The report was filed on April 26, 2013, with an earliest event date of April 25, 2013.