POST EFFECTIVE AMENDMENT NO. 1 TO FORM S-3
As filed with the Securities and Exchange Commission on November 29, 2016
Registration No. 333-212152
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
L-3 COMMUNICATIONS CORPORATION*
(Exact name of registrant as specified in its charter)
Delaware | 13-3937436 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification Number) |
600 Third Avenue
New York, NY 10016
(212) 697-1111
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Ann D. Davidson, Esq.
Senior Vice President, General Counsel and Corporate Secretary
L-3 Communications Corporation
600 Third Avenue
New York, NY 10016
(212) 697-1111
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copy to:
Avrohom J. Kess, Esq.
Mark A. Brod, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
(212) 455-2000
Approximate date of commencement of proposed sale to the public: From time to time after the date hereof.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒
If this Form is a post-effective amendment to a registration statement pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☒ (Do not check if a smaller reporting company) | Smaller reporting company | ☐ |
CALCULATION OF REGISTRATION FEE
| ||||||||
Title of Each Class of Securities to be Registered |
Amount to be Registered |
Proposed Maximum Offering Price per Note |
Proposed Maximum Offering Price |
Amount of Registration Fee | ||||
Debt Securities |
(1) | (1) | (1) | (2) | ||||
Guarantees of Debt Securities |
(1) | (1) | (1) | (3) | ||||
| ||||||||
|
(1) | Omitted pursuant to General Instruction II.E. of Form S-3. An indeterminate amount of debt securities and guarantees of debt securities are being registered as may from time to time be issued at indeterminate prices. |
(2) | In accordance with Rules 456(b) and 457(r) of the Securities Act of 1933, as amended, the registrant is deferring payment of all of the registration fee. Registration fees will be paid subsequently on a pay as you go basis. |
(3) | No separate consideration will be received for the guarantees of the debt securities being registered. No registration fee for the guarantees will be due pursuant to Rule 457(n). |
* | See table of additional registrants on the next page |
TABLE OF ADDITIONAL REGISTRANTS*
Exact Name of Registrant as Specified in Its Charter** |
Jurisdiction of |
IRS Employer | ||
L-3 Afghanistan, LLC | Delaware | 47-3563503 | ||
L-3 Army Sustainment LLC | Delaware | 75-3115427 | ||
L-3 Centaur, LLC | Delaware | 47-1642389 | ||
L-3 CTC Aviation Holdings Inc. | Delaware | 33-1231103 | ||
L-3 CTC Aviation Leasing (US) Inc. | Delaware | 32-0434083 | ||
L-3 CTC Aviation Training (US) Inc. | Delaware | 33-1230769 | ||
L-3 Investments, LLC | Delaware | None | ||
Mustang Technology Group, L.P. | Texas | 75-2816638 |
** | The address and telephone number of each registrants principal executive office is 600 Third Avenue, New York, New York 10016, (212) 697-1111. |
EXPLANATORY NOTE
This Registration Statement on Form S-3 (registration No. 333-212152) of L-3 Communications Corporation and subsidiary guarantor registrants is being amended to add certain subsidiaries of L-3 Communications Corporation as Co-Registrants that are, or may potentially be, guarantors of some or all of the debt securities with respect to which offers and sales are registered under this Registration Statement. No changes or additions are being made hereby to the base prospectus that already forms a part of the Registration Statement. Accordingly, such base prospectus is being omitted from this filing.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. | Other Expenses of Issuance and Distribution |
The following table sets forth the costs and expenses payable by us in connection with the sale and distribution of the securities being registered.
SEC Registration Fee |
* | |||
Rating Agency Fees |
* | |||
Accounting Fees and Expenses |
* | |||
Legal Fees and Expenses |
* | |||
Printing Expenses |
* | |||
Trustees Fees and Expenses |
* | |||
Blue Sky Fees and Expenses |
* | |||
Miscellaneous |
* | |||
Total |
* |
* | All fees and expenses are calculated based on the number of issuances and amount of securities offered and, accordingly, cannot be estimated at this time. The registration fee will be calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. |
Item 15. | Indemnification of Directors and Officers |
DELAWARE
Delaware Corporations
L-3 CTC Aviation Holdings Inc., L-3 CTC Aviation Leasing (US) Inc. and L-3 CTC Aviation Training (US) Inc. are Delaware corporations.
Section 145 of the General Corporation Law of the State of Delaware (DGCL) grants each corporation organized thereunder the power to indemnify any person who is or was a director, officer, employee or agent of a corporation, or who is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation, by reason of being or having been in any such capacity, if the person acted in good faith in a manner reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the persons conduct was unlawful. Section 102(b)(7) of the DGCL enables a corporation in its certificate of incorporation or an amendment thereto validly approved by stockholders to limit or eliminate the personal liability of the members of its board of directors for violations of the directors fiduciary duty of care.
The Bylaws of each of the following entities provide that the corporation shall indemnify its directors and officers to the full extent possible under the DGCL: L-3 CTC Aviation Holdings Inc., L-3 CTC Aviation Leasing (US) Inc. and L-3 CTC Aviation Training (US) Inc.
The Certificate of Incorporation of each of the following entities provides that no director shall be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except as otherwise provided by the DGCL: L-3 CTC Aviation Holdings Inc., L-3 CTC Aviation Leasing (US) Inc. and L-3 CTC Aviation Training (US) Inc.
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Delaware Limited Liability Companies
L-3 Afghanistan, LLC, L-3 Army Sustainment LLC, L-3 Centaur, LLC and L-3 Investments, LLC are Delaware limited liability companies.
Section 18-108 of the Delaware Limited Liability Company Act (DE LLCA) empowers a Delaware limited liability company to indemnify and hold harmless any member or manager of a limited liability company or other person from and against any and all claims and demands whatsoever, subject to such standards and restrictions, if any, as are set forth in the entitys limited liability company agreement. However, to the extent that the limited liability company agreement seeks to restrict or limit the liabilities of such person, Section 18-1101 of the DE LLCA prohibits it from limiting or eliminating liability for any act or omission that constitutes a bad faith violation of the implied contractual covenant of good faith and fair dealing.
The Limited Liability Company Agreement of each of the following entities provides that the corporation shall indemnify its directors and officers to the full extent possible under the DE LLCA: L-3 Army Sustainment LLC.
The Limited Liability Company Agreement of each of the following entities provides that a member shall not have any liability for the obligations or liabilities of the company except to the extent provided in the DE LLCA: L-3 Afghanistan, LLC, L-3 Army Sustainment LLC, L-3 Centaur, LLC and L-3 Investments, LLC.
TEXAS
Texas Limited Partnerships
Chapter 8 of the Texas Business Organizations Code (TBOC) requires a Texas limited partnership to indemnify a general partner, former general partner or delegate thereof against reasonable expenses actually incurred by such person in connection with a proceeding in which such person is a respondent because such person is or was a general partner or delegate thereof if such person is wholly successful, on the merits or otherwise, in the defense of the proceeding. In addition, Chapter 8 of the TBOC permits a Texas limited partnership, under certain circumstances and subject to certain requirements and limitations, (a) to indemnify a general partner, former general partner or delegate thereof who was, is, or is threatened to be made a respondent in a proceeding against judgments and expenses that are reasonable and actually incurred by such person in connection with such proceeding, (b) to pay or reimburse reasonable expenses incurred by a present general partner or delegate thereof who was, is, or is threatened to be made a respondent in a proceeding in advance of the final disposition of the proceeding, and (c) to indemnify and advance expenses to persons other than present or former general partners, including officers, employees or agents, as provided by the limited partnerships governing documents or by contract, among other means. Chapter 8 of the TBOC also requires that a limited partnership indemnify an officer to the same extent that indemnification is required under the TBOC for a general partner. Further, Chapter 8 of the TBOC provides that the Texas limited partnership has the power to purchase and maintain insurance on behalf of its existing or former general partners, delegates, officers, employees or agents against liabilities asserted against such person in such capacity or arising out of such persons status in such capacity. A Texas limited partnership has this power whether or not the limited partnership has the power to indemnify such person against the liability under Chapter 8 of the TBOC.
The partnership agreement of Mustang Technology Group, L.P. provides that, to the fullest extent permitted by law, the general partner shall be indemnified and held harmless by Mustang Technology Group, L.P. from and against any and all losses, claims, damages, liabilities, joint or several expenses (including, without limitation, legal fees and expenses), judgments, fines, penalties, interest and other amounts arising from any and all claims, demands, actions, suits, or proceedings, whether civil, criminal, administrative or investigative, in which the general partner may be involved, or is threatened to be involved, as a party or otherwise, by reason of its status as a general partner of Mustang Technology Group, L.P., provided that in each case the general partner acted in good faith and in a manner which the general partner reasonably believed to be in the best interests of Mustang Technology Group, L.P. and, with respect to any criminal proceeding, had no reasonable cause to believe its conduct was unlawful. To the fullest extent permitted by law, expenses (including legal fees) incurred by the general partner in defending any claim, demand, action, suit or proceeding shall, from time to time, be advanced by Mustang Technology Group, L.P. prior to the final disposition thereof upon receipt by Mustang Technology Group, L.P. of an undertaking by or on behalf of the general partner to repay such amount if it shall be determined that the general partner is not entitled to be indemnified as authorized.
Mustang Technology Group, L.P. maintains insurance on behalf of the directors and officers of its general partner insuring them against any liability asserted against them in their capacities as directors or officers or arising out of such status.
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LIABILITY INSURANCE
On behalf of itself and all of its subsidiary guarantors, the Company has directors and officers liability insurance policies, with coverage, in the aggregate, of up to $200 million, subject to various deductibles and exclusions from coverage.
Item 16. | Exhibits |
1.1* | Form of Underwriting Agreement. | |
4.1** | Indenture, dated as of May 21, 2010, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee (incorporated by reference to Exhibit 4.1 to L-3 Holdings and L-3 Communications Current Report on Form 8-K filed on May 24, 2010). | |
4.2** | Sixth Supplemental Indenture, dated as of June 21, 2016, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee. | |
4.3 | Seventh Supplemental Indenture, dated as of October 31, 2016, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee (filed herewith). | |
4.4* | Form of Supplemental Indenture. | |
4.5* | Form of Debt Securities (to be included in the Form of Supplemental Indenture to be filed as Exhibit 4.4). | |
5.1** | Opinion of Simpson Thacher & Bartlett LLP regarding the Debt Securities. | |
5.2 | Opinion of Simpson Thacher & Bartlett LLP regarding the subsidiary guarantees covered by this Post-Effective Amendment No. 1 (filed herewith). | |
12.1** | Computation of ratios of earnings to fixed charges. | |
23.1 | Consent of Simpson Thacher & Bartlett LLP (included in Exhibit 5.1 and Exhibit 5.2 hereto). | |
23.2 | Consent of PricewaterhouseCoopers LLP (filed herewith). | |
24.1** | Powers of Attorney (included on the signature pages to the original registration statement). | |
24.2 | Powers of Attorney (included on the signature pages to this this Post-Effective Amendment No. 1). | |
25.1** | Statement of Eligibility of Trustee on Form T-1 under the Trust Indenture Act of 1939, as amended, for the Debt Securities. |
* | To be filed by amendment or as an exhibit to a document to be incorporated by reference herein in connection with an offering of the offered securities. |
** | Previously filed as an exhibit to the Registration Statement. |
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Item 17. | Undertakings |
Each of the undersigned registrants hereby undertakes:
(a)(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the effective registration statement; and
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;
provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Securities Act to any purchaser:
(i) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of this registration statement as of the date the filed prospectus was deemed part of and included in this registration statement; and
(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10 (a) of the Securities Act shall be deemed to be part of and included in this registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of this registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of this registration statement or made in a document incorporated or deemed incorporated by reference into this registration statement or prospectus that is part of this registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in this registration statement or the prospectus that was part of this registration statement or made in any such document immediately prior to such effective date.
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(5) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) That, for purposes of determining any liability under the Securities Act, each filing of such registrants annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plans annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, each of the registrants certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 29th day of November, 2016.
L-3 COMMUNICATIONS CORPORATION | ||
By: | /s/ Ralph G. DAmbrosio | |
Name: | Ralph G. DAmbrosio | |
Title: | Senior Vice President and Chief Financial Officer |
SIGNATURES AND POWERS OF ATTORNEY
Each person whose signature appears below hereby authorizes each of Michael T. Strianese, Ralph G. DAmbrosio and Ann D. Davidson, each with full power of substitution, to execute in the name and on behalf of such person any amendment or any post-effective amendment to this registration statement and any subsequent registration statement filed pursuant to Rule 462 under the Securities Act of 1933 and to file the same, with exhibits thereto, and other documents in connection therewith, making such changes in this registration statement and any such subsequent registration statement as L-3 deems appropriate, and appoints each of Michael T. Strianese, Ralph G. DAmbrosio and Ann D. Davidson, each with full power of substitution, attorney-in-fact to sign any amendment and any post-effective amendment to this registration statement and any such subsequent registration statement and to file same, with exhibits thereto, and other documents in connection therewith.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on November 29, 2016.
Signature |
Title | |
* |
Chairman and Chief Executive Officer | |
Michael T. Strianese | (Principal Executive Officer) and Director | |
* |
Senior Vice President and Chief Financial Officer | |
Ralph G. DAmbrosio | (Principal Financial Officer) | |
* |
||
Dan Azmon | Vice President, Controller and Principal Accounting Officer | |
* |
||
Claude R. Canizares | Director | |
* |
||
Thomas A. Corcoran | Director | |
* |
||
Ann E. Dunwoody | Director | |
* |
||
Lewis Kramer | Director | |
* |
||
Robert B. Millard | Director |
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Signature |
Title | |
* |
||
Lloyd W. Newton | Director | |
* |
||
Vincent Pagano Jr. | Director | |
* |
||
H. Hugh Shelton | Director | |
* |
||
Arthur L. Simon | Director |
* | By: | /s/ Ralph G. DAmbrosio | ||
Name: | Ralph G. DAmbrosio | |||
Title: | Attorney-in-Fact |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, each of the registrants certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 29th day of November, 2016.
ELECTRODYNAMICS, INC. | ||
INTERSTATE ELECTRONICS CORPORATION | ||
L-3 ADVANCED PROGRAMS, INC. | ||
L-3 APPLIED TECHNOLOGIES, INC. | ||
L-3 DOMESTIC HOLDINGS, INC. | ||
L-3 UNIDYNE, INC. | ||
L-3 CHESAPEAKE SCIENCES CORPORATION | ||
L-3 COMMUNICATIONS AIS GP CORPORATION | ||
L-3 COMMUNICATIONS AVIONICS SYSTEMS, INC. | ||
L-3 COMMUNICATIONS CINCINNATI ELECTRONICS CORPORATION | ||
L-3 COMMUNICATIONS ELECTRON TECHNOLOGIES, INC. | ||
L-3 COMMUNICATIONS EO/IR, INC. | ||
L-3 COMMUNICATIONS ESSCO, INC. | ||
L-3 COMMUNICATIONS FLIGHT CAPITAL LLC | ||
L-3 COMMUNICATIONS FLIGHT INTERNATIONAL AVIATION LLC | ||
L-3 COMMUNICATIONS FOREIGN HOLDINGS, INC. | ||
L-3 COMMUNICATIONS INVESTMENTS INC. | ||
L-3 COMMUNICATIONS MARIPRO, INC. | ||
L-3 COMMUNICATIONS MOBILE-VISION, INC. | ||
L-3 COMMUNICATIONS SECURITY AND DETECTION SYSTEMS, INC. | ||
L-3 COMMUNICATIONS VECTOR INTERNATIONAL AVIATION LLC | ||
L-3 COMMUNICATIONS VERTEX AEROSPACE LLC | ||
L-3 COMMUNICATIONS WESTWOOD CORPORATION | ||
L-3 FUZING AND ORDNANCE SYSTEMS, INC. | ||
L-3 UNMANNED SYSTEMS, INC. | ||
PAC ORD INC. | ||
POWER PARAGON, INC. | ||
SPD ELECTRICAL SYSTEMS, INC. | ||
SPD SWITCHGEAR INC. | ||
L-3 AFGHANISTAN, LLC | ||
L-3 ARMY SUSTAINMENT LLC | ||
L-3 CENTAUR, LLC | ||
L-3 CTC AVIATION HOLDINGS INC. | ||
L-3 CTC AVIATION LEASING (US) INC. | ||
L-3 CTC AVIATION TRAINING (US) INC. | ||
L-3 INVESTMENTS, LLC | ||
By: | /s/ Stephen M. Souza | |
Name: | Stephen M. Souza | |
Title: | Vice President and Treasurer |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, each of the registrants certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 29th day of November, 2016.
L-3 COMMUNICATIONS INTEGRATED SYSTEMS L.P. | ||
By: L-3 COMMUNICATIONS AIS GP CORPORATION, as General Partner | ||
By: | /s/ Stephen M. Souza | |
Name: | Stephen M. Souza | |
Title: | Vice President and Treasurer |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, each of the registrants certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 29th day of November, 2016.
MUSTANG TECHNOLOGY GROUP, L.P. | ||
By: L-3 COMMUNICATIONS CORPORATION, as General Partner | ||
By: | /s/ Stephen M. Souza | |
Name: | Stephen M. Souza | |
Title: | Vice President and Treasurer |
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EXHIBIT INDEX
1.1* | Form of Underwriting Agreement. | |
4.1** | Indenture, dated as of May 21, 2010, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee (incorporated by reference to Exhibit 4.1 to L-3 Holdings and L-3 Communications Current Report on Form 8-K filed on May 24, 2010). | |
4.2** | Sixth Supplemental Indenture, dated as of June 21, 2016, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee. | |
4.3 | Seventh Supplemental Indenture, dated as of October 31, 2016, among L-3 Communications, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee (filed herewith). | |
4.4* | Form of Supplemental Indenture. | |
4.5* | Form of Debt Securities (to be included in the Form of Supplemental Indenture to be filed as Exhibit 4.4). | |
5.1** | Opinion of Simpson Thacher & Bartlett LLP regarding the Debt Securities. | |
5.2 | Opinion of Simpson Thacher & Bartlett LLP regarding the subsidiary guarantees covered by this Post-Effective Amendment No. 1 (filed herewith). | |
12.1** | Computation of ratios of earnings to fixed charges. | |
23.1 | Consent of Simpson Thacher & Bartlett LLP (included in Exhibit 5.1 and Exhibit 5.2 hereto). | |
23.2 | Consent of PricewaterhouseCoopers LLP (filed herewith). | |
24.1** | Powers of Attorney (included on the signature pages to the original registration statement). | |
24.2 | Powers of Attorney (included on the signature pages to this this Post-Effective Amendment No. 1). | |
25.1** | Statement of Eligibility of Trustee on Form T-1 under the Trust Indenture Act of 1939, as amended, for the Debt Securities. |
* | To be filed by amendment or as an exhibit to a document to be incorporated by reference herein in connection with an offering of the offered securities. |
** | Previously filed as an exhibit to the Registration Statement. |
Exhibit 4.3
EXECUTION VERSION
SEVENTH SUPPLEMENTAL INDENTURE
SEVENTH SUPPLEMENTAL INDENTURE (this Seventh Supplemental Indenture), dated as of October 31, 2016, among L-3 Communications Corporation (or its permitted successor), a Delaware corporation (the Company), each direct or indirect subsidiary of the Company signatory hereto (each, a Guaranteeing Subsidiary, and collectively, the Guaranteeing Subsidiaries), and The Bank of New York Mellon Trust Company, N.A., as trustee under the indenture referred to below (the Trustee).
W I T N E S S E T H:
WHEREAS, the Company and the Guaranteeing Subsidiaries party thereto have heretofore executed and delivered to the Trustee (1) an indenture dated May 21, 2010 (the Base Indenture), (2) a first supplemental indenture dated as of May 21, 2010 (the First Supplemental Indenture), providing for the issuance of $800,000,000 4.750% Senior Notes due 2020 (the 2020 Notes) , (3) a second supplemental indenture dated as of February 7, 2011 (the Second Supplemental Indenture), providing for the issuance of $650,000,000 4.95% Senior Notes due 2021 (the 2021 Notes), (4) a third supplemental indenture dated as of November 22, 2011 (the Third Supplemental Indenture), providing for the issuance of $500,000,000 3.95% Senior Notes due 2016 (the 2016 Notes), (5) a fourth supplemental indenture dated as of February 3, 2012 (the Fourth Supplemental Indenture), providing for the accession of certain Guaranteeing Subsidiaries, (6) a fifth supplemental indenture dated as of May 28, 2014 (the Fifth Supplemental Indenture), providing for the issuance of $350,000,000 1.50% Senior Notes due 2017 (the 2017 Notes) and the issuance of $650,000,000 3.95% Senior Notes due 2024 (the 2024 Notes, together with the 2020 Notes, the 2021 Notes, the 2016 Notes, the 2017 Notes and the 2024 Notes, collectively, the Notes) and (7) a sixth supplemental indenture dated as of June 21, 2016 (the Sixth Supplemental Indenture, together with the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture and the Base Indenture, collectively, the Indenture), effecting certain amendments to the Indenture;
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Companys Obligations (as defined in the Indenture) under the Notes and the Indenture on the terms and conditions set forth herein (the Subsidiary Guarantee); and
WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Seventh Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. | CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. |
2. | SUBSIDIARY GUARANTOR. The Guaranteeing Subsidiaries hereby agree to each be Guarantors under the Indenture and to be bound by, and in accordance with, the terms of the Indenture applicable to Guarantors, including Article 10 thereof. |
3. | RELEASES. The Guarantees of the Guaranteeing Subsidiaries shall be unconditionally released and discharged as provided in Section 10.4 of the Indenture. |
4. | NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guarantor, as such, shall have any liability for any Obligations of the Company or any Guarantor under the Notes, any Guarantee, the Indenture or this Seventh Supplemental Indenture or for any claim based on, in respect of, or by reason of, such Obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. |
5. | NEW YORK LAW TO GOVERN. THIS SEVENTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. |
6. | COUNTERPARTS. The parties may sign any number of copies of this Seventh Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. |
7. | EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. |
8. | THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Seventh Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company. |
9. | BENEFITS ACKNOWLEDGED. Each Guaranteeing Subsidiarys Guarantee is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Seventh Supplemental Indenture and that the guarantee and waivers made by it pursuant to this Guarantee are knowingly made in contemplation of such benefits. |
10. | SUCCESSORS. All agreements of the Guaranteeing Subsidiaries in this Seventh Supplemental Indenture shall bind its successors, except as otherwise provided in Section 10.4 of the Indenture. All agreements of the Trustee in this Seventh Supplemental Indenture shall bind its successors. |
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IN WITNESS WHEREOF, the parties hereto have caused this Seventh Supplemental Indenture to be duly executed, all as of the date first above written.
Dated: October 31, 2016 | L-3 COMMUNICATIONS CORPORATION | |||||
By: | /s/ Stephen M. Souza | |||||
| ||||||
Name: Stephen M. Souza Title: Vice President and Treasurer |
[Signature Page to Seventh Supplemental Indenture]
Electrodynamics, Inc.
Interstate Electronics Corporation
L-3 Advanced Programs, Inc.
L-3 Applied Technologies, Inc.
L-3 Chesapeake Sciences Corporation
L-3 Communications AIS GP Corporation
L-3 Communications Avionics Systems, Inc.
L-3 Communications Cincinnati Electronics Corporation
L-3 Communications Electron Technologies, Inc.
L-3 Communications EO/IR, Inc.
L-3 Communications ESSCO, Inc.
L-3 Communications Flight Capital LLC
L-3 Communications Flight International Aviation LLC
L-3 Communications Foreign Holdings, Inc.
L-3 Communications Investments Inc.
L-3 Communications MariPro, Inc.
L-3 Communications Mobile-Vision, Inc.
L-3 Communications Security And Detection Systems, Inc.
L-3 Communications Vector International Aviation LLC
L-3 Communications Vertex Aerospace LLC
L-3 Communications Westwood Corporation
L-3 Domestic Holdings, Inc.
L-3 Fuzing And Ordnance Systems, Inc.
L-3 Unidyne, Inc.
L-3 Unmanned Systems, Inc.
Pac Ord Inc.
Power Paragon, Inc.
SPD Electrical Systems, Inc.
SPD Switchgear Inc.
L-3 Afghanistan, LLC
L-3 Army Sustainment LLC
L-3 Centaur, LLC
L-3 CTC Aviation Holdings Inc.
L-3 CTC Aviation Leasing (US) Inc.
L-3 CTC Aviation Training (US) Inc.
L-3 Investments, LLC
As Guaranteeing Subsidiaries | ||
By: |
/s/ Stephen M. Souza | |
| ||
Name: Stephen M. Souza Title: Vice President and Treasurer |
[Signature Page to Seventh Supplemental Indenture]
L-3 Communications Integrated Systems L.P., a Delaware limited partnership | ||
By: |
L-3 COMMUNICATIONS AIS GP CORPORATION,
as General Partner | |
By: |
/s/ Stephen M. Souza | |
| ||
Name: Stephen M. Souza Title: Vice President and Treasurer | ||
Mustang Technology Group, L.P., a Texas limited partnership | ||
By: |
L-3 COMMUNICATIONS CORPORATION,
as General Partner | |
By: |
/s/ Stephen M. Souza | |
| ||
Name: Stephen M. Souza Title: Vice President and Treasurer |
[Signature Page to Seventh Supplemental Indenture]
Dated: October 31, 2016 | THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | |||||
By: | /s/ Julie Hoffman-Ramos | |||||
| ||||||
Name: Julie Hoffman-Ramos Title: Vice President |
[Signature Page to Seventh Supplemental Indenture]
Exhibit 5.2
Simpson Thacher & Bartlett LLP
425 LEXINGTON AVENUE
NEW YORK, NY 10017-3954
TELEPHONE: +1-212-455-2000
FACSIMILE: +1-212-455-2502
November 29, 2016
L-3 Communications Corporation
600 Third Avenue
New York, New York 10016
Ladies and Gentlemen:
We have acted as counsel to L-3 Communications Corporation, a Delaware corporation (the Company), in connection with Post-Effective Amendment No. 1 (the Amendment) to the Registration Statement on Form S-3 (File No. 333-212152) (as amended, the Registration Statement) filed by the Company, the subsidiaries of the Company named on Schedule I attached hereto (each, an Existing Guarantor and collectively, the Existing Guarantors), the Delaware subsidiaries of the Company named on Schedule II attached hereto (each, a New Delaware Guarantor and collectively, the New Delaware Guarantors), and the non-Delaware subsidiaries of the Company named on Schedule III attached hereto (each, a New Non-Delaware Guarantor and collectively, the New Non-Delaware Guarantors, and taken with the New Delaware Guarantors, the New Guarantors, and, taken together with the Existing Guarantors, the Guarantors) with the Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the Securities Act), relating to the issuance by the New Guarantors of the guarantees (the New Guarantees) to be issued in connection with an indeterminate amount of senior debt securities (the Senior Debt Securities)
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that may be issued by the Company. The Senior Debt Securities may be issued and sold or delivered from time to time as set forth in the Registration Statement (including any further amendment thereto), the prospectus contained therein (the Prospectus) and supplements to the Prospectus pursuant to Rule 415 under the Securities Act.
The New Guarantees will be issued under the Indenture, dated as of May 21, 2010 (as supplemented to the date hereof, the Indenture), among the Company, the guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), as further supplemented by the seventh supplemental indenture dated as of October 31, 2016 (the Seventh Supplemental Indenture), among the Company, the New Guarantors and the Trustee.
We have examined the Registration Statement, the Indenture and the Seventh Supplemental Indenture, each of which has been filed with the Commission as an exhibit to the Registration Statement. We also have examined the originals, or duplicates or certified or conformed copies, of such records, agreements, documents and other instruments and have made such other investigations as we have deemed relevant and necessary in connection with the opinions hereinafter set forth. As to questions of fact material to this opinion, we have relied upon certificates or comparable documents of public officials and of officers and representatives of the Company and the New Guarantors.
In rendering the opinions set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies and the authenticity of the originals of such latter documents. We also have assumed that (1) the Indenture is the valid and legally binding obligation of the Trustee; and (2) the Seventh Supplemental Indenture is the valid and legally binding obligation of the Trustee.
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We have assumed further that (i) at the time of the issuance of the Senior Debt Securities and the New Guarantees, the Company and the New Guarantors will be validly existing, (ii) the New Non-Delaware Guarantors have duly authorized, executed and delivered the Indenture and the Seventh Supplemental Indenture. We have also assumed that the execution, issuance, delivery and performance, as applicable, by each of Company and the New Guarantors of the Indenture, as supplemented by the Seventh Supplemental Indenture, the Senior Debt Securities and the New Guarantees, as applicable, do not and will not violate the law of its jurisdiction of organization or any other applicable laws (except that no such assumption is made with respect to the law of the State of New York and the federal law of the United States) and will not breach or violate of any agreement or instrument which is then binding upon the Company or the New Guarantors.
Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that:
1. Assuming (a) the taking of all necessary corporate, limited liability company or limited partnership action to approve the issuance and terms of the New Guarantees and related matters by each New Guarantor, (b) the due execution, authentication, issuance and delivery of the Senior Debt Securities underlying such New Guarantees, upon payment of the consideration therefor provided for in the applicable definitive purchase, underwriting or similar agreement approved by each New Guarantor and otherwise in accordance with the provisions of the Indenture, as supplemented by the Seventh Supplemental indenture, and such agreement and (c) the due issuance of such New Guarantees, such New Guarantees will constitute valid and legally binding obligations of the New Guarantors enforceable against the New Guarantors in accordance with their terms.
Our opinion set forth in paragraphs 1 above is subject to the effects of (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors rights generally, (ii) general equitable principles (whether considered in a proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing.
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We do not express any opinion herein concerning any law other than the law of the State of New York, the federal law of the United States, the Delaware General Corporation Law, the Delaware Limited Liability Company Act and the Delaware Revised Uniform Limited Partnership Act.
We hereby consent to the filing of this opinion letter as Exhibit 5.2 to the Registration Statement and to the use of our name under the caption Legal Matters in the Prospectus included in the Registration Statement.
Very truly yours,
/s/ Simpson Thacher & Bartlett LLP
SIMPSON THACHER & BARTLETT LLP
SCHEDULE I
EXISTING GUARANTORS
L-3 Advanced Programs, Inc., a Delaware corporation |
L-3 Applied Technologies, Inc., a Delaware corporation |
L-3 Communications AIS GP Corporation, a Delaware corporation |
L-3 Communications Avionics Systems, Inc., a Delaware corporation |
L-3 Communications Electron Technologies, Inc., a Delaware corporation |
L-3 Communications ESSCO, Inc., a Delaware corporation |
L-3 Communications Flight Capital LLC, a Delaware limited liability company |
L-3 Communications Flight International Aviation LLC, a Delaware limited liability company |
L-3 Communications Foreign Holdings, Inc., a Delaware corporation |
L-3 Communications Integrated Systems L.P., a Delaware limited partnership |
L-3 Communications Investments Inc., a Delaware corporation |
L-3 Communications Security and Detection Systems, Inc., a Delaware corporation |
L-3 Communications Vector International Aviation LLC, a Delaware limited liability company |
L-3 Communications Vertex Aerospace LLC, a Delaware limited liability company |
L-3 Domestic Holdings, Inc., a Delaware corporation |
L-3 Fuzing and Ordnance Systems, Inc., a Delaware corporation |
L-3 Unidyne, Inc., a Delaware corporation |
Pac Ord Inc., a Delaware corporation |
Power Paragon, Inc., a Delaware corporation |
SPD Electrical Systems, Inc., a Delaware corporation |
SPD Switchgear, Inc., a Delaware corporation |
Electrodynamics, Inc., an Arizona corporation |
Interstate Electronics Corporation, a California corporation |
L-3 Chesapeake Sciences Corporation, a Maryland corporation |
L-3 Communications Cincinnati Electronics Corporation, an Ohio corporation |
L-3 Communications EO/IR, Inc., a Florida corporation |
L-3 Communications MariPro, Inc., a California corporation |
L-3 Communications Mobile-Vision, Inc., a New Jersey corporation |
L-3 Communications Westwood Corporation, a Nevada corporation |
L-3 Unmanned Systems, Inc., a Texas corporation |
SCHEDULE II
NEW DELAWARE GUARANTORS
L-3 Afghanistan, LLC, Inc., a Delaware limited liability company |
L-3 Army Sustainment LLC, a Delaware limited liability company |
L-3 Centaur, LLC, a Delaware limited liability company |
L-3 CTC Aviation Holdings Inc., a Delaware corporation |
L-3 CTC Aviation Leasing (US) Inc., a Delaware corporation |
L-3 CTC Aviation Training (US) Inc., a Delaware corporation |
L-3 Investments, LLC, a Delaware limited liability company |
SCHEDULE III
NEW NON-DELAWARE GUARANTORS
Mustang Technology Group, L.P., a Texas limited partnership |
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Post-Effective Amendment No.1 to the Registration Statement on Form S-3 of our report dated February 26, 2016 relating to the financial statements, and the effectiveness of internal control over financial reporting, which appears in L-3 Communications Holdings, Inc. and L-3 Communications Corporations Annual Report on Form 10-K for the year ended December 31, 2015. We also consent to the reference to us under the heading Experts in such Registration Statement.
/s/ PricewaterhouseCoopers LLP |
New York, New York |
November 29, 2016 |