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L3 Technologies to redeem debt worth up to $1.8B

L3 Technologies Inc. commenced a cash tender offer for notes worth up to $1.80 billion.

The offer, which expires June 5, consists of 5.20% senior notes due 2019 and 4.75% senior notes due 2020, with June 6 as the likely settlement date.

The company provides communication, electronic and sensor systems used on military, homeland security and commercial platforms.