Issuer:
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L3Harris Technologies, Inc.
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Expected Ratings (Moody’s / S&P / Fitch):(1)
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Baa2/BBB/BBB (Stable/Stable/Positive)
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Security Type:
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Senior unsecured notes (collectively, the “Notes”)
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Principal Amount:
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$650,000,000
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Trade Date:
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November 10, 2020
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Settlement Date (T+10):(2)
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November 25, 2020
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Maturity Date:
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January 15, 2031
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Interest Payment Dates:
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January 15 and July 15 of each year, commencing on July 15, 2021
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Public Offering Price:
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99.962% of the principal amount, plus accrued and unpaid interest, if any, from November 25, 2020
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Yield to Maturity:
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1.804%
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Benchmark Treasury:
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0.625% due August 15, 2030
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Spread to Benchmark Treasury:
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T+85 basis points
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Benchmark Treasury Price / Yield:
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96-30 / 0.954%
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Interest Rate:
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1.800% per annum
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Make-Whole Call:
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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.
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Par Call:
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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.
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Minimum Denomination:
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$2,000 x $1,000
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CUSIP / ISIN:
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502431 AN9 / US502431AN98
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Use of Proceeds:
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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.
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Joint Book-Running Managers:
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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
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Senior Co-Managers:
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Deutsche Bank Securities Inc.
Siebert Williams Shank & Co., LLC
U.S. Bancorp Investments, Inc.
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