L3 Technologies Inc. has priced a public offering of $1.8 billion in senior notes.
The notes are comprised of $800 million of 3.85% senior notes due 2023 and $1.0 billion of 4.40% senior notes due 2028. The senior notes are expected to close June 6.
Proceeds from the senior notes offerings, together with available cash, will be to fund the concurrent tender offers for the $1 billion 5.20% senior notes due 2019 and the $800 million 4.75% senior notes due 2020 and any related redemption of notes.
Merrill Lynch Pierce Fenner & Smith Inc., Barclays Capital Inc., SunTrust Robinson Humphrey Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the joint book-running managers for the offerings.
