L3Harris Technologies (LHX): Prices $1B in two senior notes due 2029 and 2032
L3Harris prices $1B senior notes: $500M 5.200% due 2029 at 5.218% yield and $500M 5.400% due 2032 at 5.441% yield, settling Nov 5.
What this filing says
L3Harris priced two $500 million tranches of senior unsecured notes, one maturing in 2029 at 5.200% and one in 2032 at 5.400%. The notes are expected to settle on November 5, 2026, so the company will be taking on new debt that shareholders' claims will rank behind. The offering adds to the company's borrowings, which matters for a holder because interest payments and repayment come ahead of equity.
Key figures
- 2029 Notes principal
- $500,000,000
- 2032 Notes principal
- $500,000,000
- 2029 Notes yield to maturity
- 5.218%
- 2032 Notes yield to maturity
- 5.441%
- 2029 Notes public offering price
- 99.951% of principal amount
- 2032 Notes public offering price
- 99.813% of principal amount
Positive for shareholders
- The notes carry a Baa2 (Positive) Moody's rating and BBB Stable S&P rating, indicating investment-grade credit quality.
Negative for shareholders
- The company is adding $1 billion of fixed-rate senior debt with interest payments due semiannually.
- The notes rank as unsecured obligations that are repaid before any equity holders if the company faces financial trouble.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Senior unsecured notes:
- Debt that is not backed by specific company assets but has priority over equity and junior debt in repayment.
- Make-whole call:
- An early redemption option where the company pays the greater of a formula price tied to Treasury rates or par, plus accrued interest.
- Par call:
- A right for the company to redeem the notes at 100% of principal, plus accrued interest, in the final months before maturity.
- T+3:
- A settlement cycle in which the notes are delivered and paid for three business days after the pricing date.
FAQ
How much debt is L3Harris Technologies issuing in this offering?
L3Harris is issuing $500 million of 5.200% notes due 2029 and $500 million of 5.400% notes due 2032, for a total of $1 billion.
When are the L3Harris notes expected to settle?
The filing expects delivery and payment for the notes on or about November 5, 2026, the third business day after pricing.
When do the L3Harris 2029 and 2032 notes mature?
The 2029 notes mature on November 5, 2029, and the 2032 notes mature on April 15, 2032.
Historical context for LHX
Across the 27 sessions after earlier LHX headlines, the stock closed higher 15 times and lower 12 times, with a median move of 1.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | LHX | SPY |
|---|---|---|---|
| Nov 2, 2026 | L3Harris Receives $121 Million in Orders to Support Army Command and Control | +0.5% | -0.5% |
| Oct 29, 2026 | L3Harris Delivers Record Backlog and Strong Third-Quarter Results | +6.8% | -0.4% |
| Oct 23, 2026 | L3Harris Announces Quarterly Dividend | -0.1% | -0.5% |
| Oct 22, 2026 | L3Harris Appoints ATI Chair, President and Chief Executive Officer Kimberly Fields to Board of Directors | +2.7% | -1.2% |
| Oct 21, 2026 | L3Harris Opens Next‑Generation Solid Rocket Motor Facility to Boost Production Capacity | -0.5% | +0.5% |
| Oct 19, 2026 | L3Harris Advances US Navy Next Generation Jammer Low Band Program with $876 Million Award | -1.9% | +0.4% |
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Industrial Machinery/Components
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