L3Harris Technologies Prices $1.0 Billion Senior Notes Offering
L3HARRIS TECHNOLOGIES, INC. /DE/
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Filing Summary
📢 L3Harris Technologies Files Prospectus Supplement for $1B Debt Offering
• Issuer: L3Harris Technologies, Inc. (NYSE: LHX) • Total Principal: $1,000,000,000 • Tranches:
- $500M 5.200% Notes due November 5, 2029 (Price: 99.951%)
- $500M 5.400% Notes due April 15, 2032 (Price: 99.813%) • Net Proceeds (before expenses): $993,570,000 • Settlement Date: November 5, 2026 (T+3)
Comprehensive Analysis
Overview of the Offering
On November 4, 2026, L3Harris Technologies, Inc. filed a prospectus supplement under Rule 424(b)(5) disclosing the pricing of a $1.0 billion aggregate principal amount senior unsecured notes offering across two tranches:
-
$500,000,000 of 5.200% Notes due November 5, 2029
- Public Offering Price: 99.951% ($499,755,000)
- Underwriting Discount: 0.450% ($2,250,000)
- Proceeds (before expenses): $497,505,000
- Interest Dates: Semi-annually on May 5 and November 5, beginning May 5, 2027
-
$500,000,000 of 5.400% Notes due April 15, 2032
- Public Offering Price: 99.813% ($499,065,000)
- Underwriting Discount: 0.600% ($3,000,000)
- Proceeds (before expenses): $496,065,000
- Interest Dates: Semi-annually on April 15 and October 15, beginning April 15, 2027
Key Terms & Structure
- Ranking: Unsecured, unsubordinated obligations ranking pari passu with all other existing and future unsecured, unsubordinated debt.
- Denominations: Minimum denominations of $2,000 and integral multiples of $1,000 thereafter.
- Covenants & Redemption: Includes standard optional redemption provisions prior to maturity and a repurchase obligation upon a Change of Control Repurchase Event.
- Joint Book-Running Managers: Citigroup, Scotiabank, US Bancorp, and Wells Fargo Securities.
Capital Structure & Market Impact
The total net proceeds to the company before expenses are approximately $993.57 million. This offering allows L3Harris to manage its debt maturity profile, lock in fixed-rate financing, and support general corporate needs.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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