Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
L3HARRIS TECHNOLOGIES, INC. /DE/ incurred term loan of $2.25 billion with JPMorgan Chase Bank, N.A. and other lenders at the sum of the term secured overnight funding rate (SOFR) rate for any tenor com maturing November 21, 2025.
- Instrument
- term loan
- Principal
- $2.25 billion
- Counterparty
- JPMorgan Chase Bank, N.A. and other lenders
- Rate
- the sum of the term secured overnight funding rate (SOFR) rate for any tenor com
- Maturity
- November 21, 2025
- Event
- incurrence
Exact text from the filing
On November 22, 2022 (the “ Closing Date ”), L3Harris Technologies, Inc. (“ L3Harris ”) established a new $2.25 billion, three-year senior unsecured term loan facility by entering into a Loan Agreement (the “ Loan Agreement ”) with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A. (“ JPMorgan "), as administrative agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
L3HARRIS TECHNOLOGIES, INC. /DE/ entered into Loan Agreement with JPMorgan Chase Bank, N.A. (as Administrative Agent), Bank of America, N.A., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Toronto-Dominion Bank, New York Branch, Citibank, N.A., The Bank of Nova Scotia valued at Not disclosed; credit facility with multiple lenders (effective 2022-11-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent), Bank of America, N.A., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Toronto-Dominion Bank, New York Branch, Citibank, N.A., The Bank of Nova Scotia
- Value
- Not disclosed; credit facility with multiple lenders
- Effective
- 2022-11-22
Exact text from the filing
EXECUTION COPY LOAN AGREEMENT Dated as of November 22, 2022 among L3HARRIS TECHNOLOGIES, INC., as the Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO, JPMORGAN CHASE BANK, N.A., as Administrative Agent, BANK OF AMERICA, N.A., MIZUHO BANK, LTD., SUMITOMO MITSUI BANKING CORPORATION and THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as Co-Syndication Agents CITIBANK, N.A. and THE BANK OF NOVA SCOTIA, as Co-Documentation Agents JPMORGAN CHASE BANK, N.A., BofA SECURITIES, INC., MIZUHO BANK, LTD., SUMITOMO MITSUI BANKING CORPORATION and TD SECURITIES (USA) LLC, as Joint Lead Arrangers and Joint Bookrunners CITIBANK, N.A. and THE BANK OF NOVA SCOTIA, as Joint Lead Arrangers
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