secwatch.observer — SEC 8-K summary
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Issuer:     L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK:        0000202058
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000202058-24-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

L3Harris enters $1.5B 364-day revolver, replacing $2.4B facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000014/0000202058-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/202058/000020205824000014/hrs-20240126.htm
  HTML page:      https://secwatch.observer/filing/0000202058-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer