L-3 Communications Completes Partial Redemption of $300 Million of Its Outstanding 3.95% Senior Notes Due 2016
May 20 2016 - 3:05PM
Business Wire
L-3 Communications Holdings, Inc. (NYSE:LLL) announced today
that L-3 Communications Corporation, its wholly owned subsidiary,
has completed the redemption of $300,000,000 aggregate principal
amount of its 3.95% Senior Notes due in 2016 (the “Notes”) in
accordance with the terms of the Notes and the Indenture, as
supplemented and amended, dated as of May 21, 2010 by and among L-3
Communications Corporation, the guarantors party thereto and The
Bank of New York Mellon Trust Company, N.A. as trustee. The partial
redemption was previously announced on March 24, 2016. Following
the partial redemption of the Notes, $200,000,000 aggregate
principal amount of the Notes remain outstanding.
The partial redemption of the Notes was completed today, May 20,
2016 (the “Redemption Date”), at a redemption price equal to
101.475% of the principal amount thereof (the “Redemption Price”).
The Redemption Price was determined on May 17, 2016, and notice
thereof was sent to all registered holders on May 18, 2016.
Interest on the Notes redeemed will cease to accrue on and after
the Redemption Date, and the only remaining right of holders of
such Notes is to receive payment of the Redemption Price and such
accrued interest.
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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L-3Corporate Communications212-697-1111
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