L3Harris Technologies Closes $1.0 Billion Senior Notes Offering to Refinance Near-Term Debt

Summary of Event

On November 5, 2026, L3Harris Technologies, Inc. (NYSE: LHX) completed the issuance and sale of $1.0 billion aggregate principal amount of senior unsecured notes under its automatic shelf registration statement on Form S-3.

Offering Structure

• Tranche 1: $500,000,000 aggregate principal amount of 5.200% Notes due 2029 (issued at 99.501% of principal amount).
• Tranche 2: $500,000,000 aggregate principal amount of 5.400% Notes due 2032 (issued at 99.213% of principal amount).
• Indenture & Trustee: Issued pursuant to an Indenture dated September 3, 2003, with The Bank of New York Mellon Trust Company, N.A., as trustee.
• Underwriting Syndicate: Citigroup Global Markets Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC acted as representatives of the underwriters.

Use of Proceeds

Net proceeds from the debt issuance will be used for general corporate purposes, specifically targeting near-term debt maturities:

1. Redemption or repayment at maturity of $550 million aggregate principal amount of 3.85% Senior Notes due December 15, 2026.
2. Together with cash on hand, funding a portion of the redemption or repayment at maturity of $1,250 million aggregate principal amount of 5.40% Notes due January 15, 2027.

Market and Credit Implications

• Trading Significance: Low.
• This transaction represents routine capital structure and maturity schedule management. By terming out maturities into 2029 and 2032, L3Harris proactively addresses refinancing risks for obligations maturing over the next two months to early 2027 without substantially altering aggregate leverage.