L3Harris Technologies (LHX) completed the issuance and sale of notes totaling US$ 1 bi on November 5, 2026. The offering consists of US$ 500 mi of 5.200% notes due 2029 and US$ 500 mi of 5.400% notes due 2032.
The company intends to use the net proceeds for general corporate purposes, including the redemption or repayment at maturity of all US$ 550 mi of its 3.85% senior notes due December 15, 2026. About US$ 15 mi of that total was issued by its subsidiary L3 Technologies, Inc.
The proceeds will also be used, together with the company's cash, to fund part of the redemption or repayment at maturity of the US$ 1.25 bi of 5.40% notes due January 15, 2027. In both cases, the proceeds will cover any premium and accrued and unpaid interest.
The notes were sold through an automatic shelf registration with the SEC. The underwriting agreement, signed on November 2, 2026, involves Citigroup Global Markets, Scotia Capital (USA), U.S. Bancorp Investments and Wells Fargo Securities as representatives of the underwriters.
