L3Harris US$2bn five-year revolving credit facility (2022)
General corporate purposes
Key terms
- Borrower or issuer
- L3Harris Technologies
- Date
- 29 Jul 2022
- Type
- Bank facility
- Amount
- US$2bn
- Maturity
- 2027
Recorded terms
- Structure
- Five-year senior unsecured revolving credit facility replacing the 2019 facility
- 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
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Aug 2022 | Lockheed Martin US$3.0bn revolving credit facility (2022) | Bank facility | US$3bn |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 12 Oct 2022 | BWX Technologies US$1.0bn secured credit facility (2022) | Bank facility | US$1bn |
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 18 Feb 2022 | Kratos US$400m secured credit facility | Bank facility | US$400m |
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 |
| 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$1bn |
Sources
- L3Harris Technologies Form 8-K sec.gov · 29 Jul 2022
About this record
Record DEF-2022-0006, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
