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FWP Filing
L3Harris (LHX) FWPFree writing prospectus
Filed: 23 Feb 18, 12:00am
Issuer: | Harris Corporation |
Expected Ratings (Moody’s / S&P / Fitch)*: | Baa3/BBB-/BBB (Stable/Stable/Stable) |
Security Type: | Senior unsecured notes (collectively, the “Notes”) |
Principal Amount: | $300,000,000 |
Trade Date: | February 23, 2018 |
Settlement Date (T+2): | February 27, 2018 |
Maturity Date: | February 27, 2019 |
Interest Payment Dates: | May 27, 2018, August 27, 2018, November 27, 2018 and February 27, 2019, commencing on May 27, 2018 |
Public Offering Price: | 100.000%, plus accrued and unpaid interest, if any, from February 27, 2018 |
Base Rate: | LIBOR (Reuters Page LIBOR01 or Bloomberg equivalent) |
Index Maturity: | Three-month |
Spread to LIBOR: | 47.5 basis points |
Initial Interest Rate: | Three-month LIBOR, determined as of two London banking days prior to the settlement date or the relevant interest reset date, as applicable, plus 0.475% per annum |
Interest Reset Dates: | May 24, 2018 (the second London banking day preceding May 27, 2018), August 25, 2018, November 25, 2018 and February 25, 2019 |
Record Dates: | 15 calendar days prior to each interest payment date |
Optional Redemption: | The Notes will not be redeemable at the option of the issuer prior to maturity |
Minimum Denomination: | $2,000 x $1,000 |
CUSIP / ISIN: | 413875 AV7 / US413875AV75 |
Day Count Convention: | Actual / 360 |
Calculation Agent: | The Bank of New York Mellon Trust Company, N.A. |
Use of Proceeds: | The net proceeds from the sale of the Notes in this offering, together with cash on hand, will be used to make voluntary contributions of approximately $300 million to the issuer’s U.S. qualified defined benefit pension plans during the remainder of the issuer’s fiscal 2018. |
Joint Book-Running Managers: | Citigroup Global Markets Inc. HSBC Securities (USA) Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC |