L3 Technologies, Inc. Announces the Expiration of Its Tender Offers for Any and All of Its Outstanding 5.20% Senior Notes Due 2019 and Its Outstanding 4.75% Senior Notes Due 2020

L3 Technologies, Inc. Announces the Expiration of Its Tender Offers for Any and All of Its Outstanding 5.20% Senior Notes Due 2019 and Its Outstanding 4.75% Senior Notes Due 2020

6 years ago
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https://www.businesswire.com/news/home/20180605006829/en/

NEW YORK--(BUSINESS WIRE)--Jun 5, 2018--L3 Technologies, Inc. (NYSE:LLL) (“L3”) announced today the expiration of the previously announced cash tender offers (the “Tender Offers”) for any and all of the $1,000,000,000 outstanding aggregate principal amount of its 5.20% Senior Notes due 2019 (the “2019 Notes”) and any and all of the $800,000,000 outstanding aggregate principal amount of its 4.75% Senior Notes due 2020 (the “2020 Notes” and, together with the 2019 Notes, the “Notes”).

The Tender Offers expired at 5:00 p.m., New York City time, on June 5, 2018 (the “Expiration Date”). As of the expiration of the Tender Offers, $682,446,000 or 68.24% of the $1,000,000,000 aggregate principal amount of the 2019 Notes and $535,432,000 or 66.93% of the $800,000,000 aggregate principal amount of the 2020 Notes had been validly tendered and not withdrawn in the Tender Offers. L3 accepted for purchase all of the Notes validly tendered and delivered (and not validly withdrawn) in the Tender Offers at or prior to the Expiration Date. Payment for the Notes purchased pursuant to the Tender Offers is intended to be made on June 6, 2018 (the “Settlement Date”).