secwatch / observer
8-K filed March 16, 2023, 7:59 PM ET ticker LHX CIK 0000202058
M&A confidence high sentiment neutral materiality 0.75

L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX): debt financing — L3Harris secures $2.4B credit facility for Aerojet acquisition; FTC second request issued; shareholders approve

L3HARRIS TECHNOLOGIES, INC. /DE/

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

L3HARRIS TECHNOLOGIES, INC. /DE/ incurred revolving credit of $2.4 billion with JPMorgan Chase Bank, N.A., as administrative agent at term SOFR plus 0.10% plus applicable margin between 1.000% and 1.750% (initially maturing 364 days following the date of the Initial Funding.

Instrument
revolving credit
Principal
$2.4 billion
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
term SOFR plus 0.10% plus applicable margin between 1.000% and 1.750% (initially
Maturity
364 days following the date of the Initial Funding
Event
incurrence
Exact text from the filing
established a new $2.4 billion, 364-day senior unsecured revolving credit facility
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

L3HARRIS TECHNOLOGIES, INC. /DE/ entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto valued at $2.4 billion (effective 2023-03-10).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and the lenders from time to time party thereto
Value
$2.4 billion
Effective
2023-03-10
Exact text from the filing
On March 10, 2023, L3Harris Technologies, Inc. (“ L3Harris ”) established a new $2.4 billion, 364-day senior unsecured revolving credit facility (the “ Credit Facility ”) by entering into a 364-Day Credit Agreement (the “ Credit Agreement ”) with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A. (“ JPMorgan ”), as administrative agent.
View on SEC.gov

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L3HARRIS TECHNOLOGIES, INC. /DE/ filing history →

Source: SEC EDGAR
accession 0001104659-23-033361
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