L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX): debt financing — L3Harris enters $1.5B 364-day revolver, replacing $2.4B facility

L3HARRIS TECHNOLOGIES, INC. /DE/

New $1.5B senior unsecured revolving credit facility matures Jan 24, 2025; replaces March 2023 $2.4B facility.
No early termination penalties on prior facility; all outstanding amounts repaid.
Borrowings bear interest at SOFR plus 0.10% plus applicable margin of 1.000%-1.750% (initially 1.125%) based on debt ratings.
Unused commitment fee from 0.090% to 0.250% (initially 0.110%) based on senior debt ratings.
Proceeds restricted from hostile acquisitions and unlawful purposes.

Key facts

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/ amended revolving credit of $2.4 billion prior facility replaced by $1.5 billion new facility with JPMorgan Chase Bank, N.A. at replaced by terms of new credit agreement maturing prior facility scheduled to terminate on March 8, 2024.

Instrument: revolving credit
Principal: $2.4 billion prior facility replaced by $1.5 billion new facility
Counterparty: JPMorgan Chase Bank, N.A.
Rate: replaced by terms of new credit agreement
Maturity: prior facility scheduled to terminate on March 8, 2024
Event: amendment

Exact text from the filing

The New Credit Facility replaces L3Harris’ prior $2.4 billion 364-day senior unsecured revolving credit facility established under the 364-Day Credit Agreement, dated as of March 10, 2023 (“ 2023 Credit Agreement ”).

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

L3HARRIS TECHNOLOGIES, INC. /DE/ incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A. at term secured overnight financing rate plus 0.10% plus applicable margin between maturing January 24, 2025 (commitment termination date) unless extended to first anniversary.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: term secured overnight financing rate plus 0.10% plus applicable margin between
Maturity: January 24, 2025 (commitment termination date) unless extended to first anniversary
Event: incurrence

Exact text from the filing

On January 26, 2024, L3Harris Technologies, Inc. (“ L3Harris ”) established a new $1.5 billion, 364-day senior unsecured revolving credit facility (the “ New Credit Facility ”), by entering into a 364-Day Credit Agreement (the “ New Credit 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 0.9

L3HARRIS TECHNOLOGIES, INC. /DE/ entered into 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (effective 2024-01-26).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto
Effective: 2024-01-26

Exact text from the filing

364-DAY CREDIT AGREEMENT Dated as of January 26, 2024 among L3HARRIS TECHNOLOGIES, INC. and certain of its Subsidiaries from time to time, as the Borrowers, THE LENDERS FROM TIME TO TIME PARTY HERETO, JPMORGAN CHASE BANK, N.A., as Administrative Agent

View on SEC.gov

283 debt financings filed in the last 30 days. Browse all debt financings →

L3HARRIS TECHNOLOGIES, INC. /DE/ filing history →

Source: SEC EDGAR

accession 0000202058-24-000014

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