Item 8.01 Other Events.
On March 4, 2020, L3Harris Technologies, Inc. (the "Company") launched and
priced an underwritten public offering of $250 million aggregate principal
amount of Floating Rate Notes due March 2023 (the "Notes") pursuant to an
underwriting agreement, dated March 4, 2020 (the "Underwriting Agreement"),
among the Company and Deutsche Bank Securities Inc. and U.S. Bancorp
Investments, Inc. The Notes will bear interest at a floating rate, reset
quarterly, equal to three-month LIBOR plus 0.750% per year, and will mature on
March 10, 2023. The Notes will be unsecured and unsubordinated and will rank
equally in right of payment with all other unsecured and unsubordinated
indebtedness of the Company from time to time outstanding. The offering is being
made pursuant to the Company's effective registration statement on Form S-3
(Registration Statement No. 333-233827) previously filed with the Securities and
Exchange Commission on September 18, 2019. The Underwriting Agreement
contemplates that the Notes will be issued under an Indenture, dated as of
September 3, 2003, between the Company and The Bank of New York Mellon Trust
Company, N.A., as successor to The Bank of New York, as trustee. The sale of the
Notes is expected to close on March 13, 2020, subject to customary closing
conditions. A copy of the Underwriting Agreement is filed herewith as Exhibit
1.1 and incorporated herein by reference.
The Company intends to use the net proceeds of the offering of the Notes
together with cash on hand, to repay at maturity $250 million aggregate
principal amount of its Floating Rate Notes due April 2020, which mature on
April 30, 2020, and for general corporate purposes.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
Exhibit
Number Description
1.1 Underwriting Agreement, dated as of March 4, 2020, among L3Harris and
Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc.
104 Cover Page Interactive Data File formatted in Inline XBRL
1
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