L3Harris Technologies US$1,000m senior notes (2 tranches), Nov 2026
General corporate purposes, including redeeming or repaying the US$550m 3.85% notes due December 2026 and, with cash, part of the US$1,250m 5.40% notes due January 2027
Key terms
- Borrower or issuer
- L3Harris Technologies
- Date
- 2 Nov 2026
- Type
- Bond
- Amount
- US$1bn
- Pricing
- 5.200% due 2029 at 99.951% to yield 5.218% (T+57bp); 5.400% due 2032 at 99.813% to yield 5.441% (T+75bp)
- Maturity
- 2029-11-05; 2032-04-15
- Rating at issue
- BBB (index)
Recorded terms
- Structure
- SEC-registered senior unsecured notes: US$500m 5.200% Notes due 2029; US$500m 5.400% Notes due 2032
- Use of proceeds
- General corporate purposes, including redeeming or repaying the US$550m 3.85% notes due December 2026 and, with cash, part of the US$1,250m 5.40% notes due January 2027
- Lenders and arrangers
- Joint book-running managers: Citigroup, Scotia Capital, U.S. Bancorp Investments, Wells Fargo Securities, BofA Securities, J.P. Morgan, Morgan Stanley, Barclays, Mizuho, SMBC Nikko, TD Securities (from the SEC filing)
- Country
- United States
Rating at issue
Rated BBB at issue on the index basis (middle of three agencies, lower of two), from the SEC pricing term sheet for the notes. Fitch's Long-Term Issuer Default Rating on the issue date was BBB+ (action of 22 Oct 2026, Fitch rating history).
Expected Ratings (Moody’s / S&P / Fitch): (1) Baa2 (Positive) / BBB (Stable) / BBB+ (Stable) Baa2 (Positive) / BBB (Stable) / BBB+ (Stable) Security Type: Senior unsecured notes (the “2029 Notes”) Senior unsecured notes (the “2032 Notes”)
Ratings change over time; check the agencies for the current rating.
Parties
- L3Harris Technologies borrower or issuer
- Lenders: BofA Securities, Citigroup, J.P. Morgan, Morgan Stanley, Wells Fargo, Barclays, Mizuho, SMBC Group, Scotiabank, TD Securities, US Bancorp
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More from L3Harris Technologies
| Date | Financing | Type | Amount |
|---|---|---|---|
| 31 Jul 2024 | L3Harris Technologies US$6,684m senior notes (8 tranches) | Bond | US$6.68bn |
| 13 Mar 2024 | L3Harris Technologies US$750m senior notes (1 tranche) | Bond | US$750m |
| 31 Jul 2023 | L3Harris Technologies US$3,250m senior notes (3 tranches) | Bond | US$3.25bn |
| 22 Nov 2022 | L3Harris US$2.25bn term loan for the Viasat tactical data links acquisition | Acquisition finance | US$2.25bn |
| 29 Jul 2022 | L3Harris US$2bn five-year revolving credit facility (2022) | Bank facility | US$2bn |
| 13 Nov 2020 | L3Harris Technologies US$650m 1.800% notes due 2031 | Bond | US$650m |
M&A and investment involving L3Harris Technologies
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Apr 2026 | US Department of War US$1bn investment in L3Harris Missile Solutions | Strategic investment | US$1bn |
| 28 Jul 2023 | L3Harris acquisition of Aerojet Rocketdyne | M&A | US$4.7bn |
| 3 Jan 2023 | L3Harris acquisition of Viasat's Tactical Data Links business | M&A | US$1.96bn |
| Jul 2021 | CAE acquisition of L3Harris Military Training | M&A | US$1.05bn |
| 4 May 2020 | Leidos acquisition of L3Harris security detection businesses | M&A | US$1bn |
| 15 Sep 2019 | Elbit Systems acquisition of Harris Night Vision | M&A | US$350m |
Sources
- L3Harris Technologies pricing term sheet (FWP) sec.gov · 2 Nov 2026
- L3Harris Technologies preliminary prospectus supplement (424B5) sec.gov · 2 Nov 2026
About this record
Record last checked against its sources on .
Record DEF-2026-0057, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.