L3Harris US$2.25bn term loan for the Viasat tactical data links acquisition
Finance the acquisition of Viasat's tactical data links product line and repay the US$250m floating rate notes due 2023
Key terms
- Borrower or issuer
- L3Harris Technologies
- Date
- 22 Nov 2022
- Type
- Acquisition finance
- Amount
- US$2.25bn
- Maturity
- 2025
Recorded terms
- Structure
- Three-year senior unsecured term loan facility, drawable in up to two draws by 30 June 2023
- Lenders and arrangers
- JPMorgan Chase Bank, N.A. (administrative agent)
- Country
- United States
Parties
- L3Harris Technologies borrower or issuer
- Agent: J.P. Morgan
Similar financings
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|---|---|---|---|
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
| 22 Mar 2021 | Teledyne US$3,000m notes (5 tranches) to fund the FLIR acquisition | Acquisition finance | US$3bn |
| 27 Sep 2024 | Amentum US$1,000m 7.250% senior notes due 2032 | Acquisition finance | US$1bn |
| 13 Feb 2019 | TransDigm US$4.0bn 6.25% senior secured notes due 2026 for the Esterline acquisition | Acquisition finance | US$4bn |
| 31 Oct 2018 | SAIC US$2.1bn term loans for the Engility merger | Acquisition finance | US$2.12bn |
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 |
| 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 |
| 6 Mar 2020 | L3Harris Technologies US$250m floating rate notes due 2023 | Bond | US$250m |
M&A and investment involving L3Harris Technologies
| Date | Deal | Type | Value |
|---|---|---|---|
| 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 |
| 4 May 2020 | Leidos acquisition of L3Harris security detection businesses | M&A | US$1bn |
Sources
- L3Harris Technologies Form 8-K sec.gov · 22 Nov 2022
About this record
Record DEF-2022-0011, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
