L-3 Initiates Partial Redemption of Its Outstanding 3.95% Senior Notes Due 2016
25 March 2016 - 7:01AM
Business Wire
L-3 Communications Holdings, Inc. (NYSE:LLL) announced today
that L-3 Communications Corporation, its wholly owned subsidiary,
has initiated a redemption of $300,000,000 aggregate principal
amount of its 3.95% Senior Notes due in 2016 (the “Notes”).
Following the partial redemption of the Notes, $200,000,000
aggregate principal amount of the Notes will remain
outstanding.
The Notes will be redeemed on May 20, 2016 (the “Redemption
Date”), at a redemption price equal to 100.00% of the aggregate
principal amount thereof plus a make-whole premium, calculated as
set forth in the Notice of Partial Redemption for the Notes, plus
accrued and unpaid interest, if any, to the Redemption Date (the
“Redemption Price”). On or before May 20, 2016, the Notes should be
presented to The Bank of New York Mellon Trust Company, N.A., as
paying agent for the redemption, at the address set forth in the
Notice of Partial Redemption for the Notes. The Notice of Partial
Redemption for the Notes was sent to all registered holders on
March 24, 2016. Interest on the Notes will cease to accrue on and
after the Redemption Date and the only remaining right of holders
of the Notes is to receive payment of the Redemption Price.
This press release shall not constitute a notice of partial
redemption of the Notes.
Headquartered in New York City, L-3 employs approximately 38,000
people worldwide and is a leading provider of a broad range of
communication and electronic systems and products used on military
and commercial platforms. L-3 is also a prime contractor in
aerospace systems. The company reported 2015 sales of $10.5
billion.
To learn more about L-3, please visit the company’s website at
www.L-3com.com. L-3 uses its website as a channel of distribution
of material company information. Financial and other material
information regarding L-3 is routinely posted on the company’s
website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995Except for historical information contained
herein, the matters set forth in this news release are
forward-looking statements. Statements that are predictive in
nature, that depend upon or refer to events or conditions or that
include words such as “expects,” “anticipates,” “intends,” “plans,”
“believes,” “estimates,” “will,” “could” and similar expressions
are forward-looking statements. The forward-looking statements set
forth above involve a number of risks and uncertainties that could
cause actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company’s
Safe Harbor Compliance Statement for Forward-Looking Statements
included in the company’s recent filings, including Forms 10-K and
10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and the
company undertakes no obligation to update these forward-looking
statements.
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