L3Harris Technologies, Inc. filed a Form 8-K on November 5, 2026, disclosing the closing of a $1.0 billion notes offering comprised of two equal tranches due in 2029 and 2032.

Key Highlights

  • Total offering size: $1.0 billion in aggregate principal amount of notes closed on November 5, 2026.
  • Two tranches: $500 million of 5.200% Notes due 2029 and $500 million of 5.400% Notes due 2032.
  • Underwriters: Citigroup Global Markets Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC, on behalf of themselves and several other underwriters.
  • Intended use of proceeds: Funding redemption or repayment of $550 million of 3.85% Senior Notes due December 15, 2026, and, together with cash on hand, funding a portion of the redemption or repayment of $1,250 million of 5.40% Notes due January 15, 2027, plus any premium and accrued and unpaid interest.
  • Trustee: The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York, under an indenture dated September 3, 2003.
  • Legal opinion: Holland & Knight LLP provided an opinion as to the validity of the Notes.

L3Harris Technologies Closes $1.0 Billion Dual-Tranche Note Issuance to Refinance Near-Term Debt

According to the filing, L3Harris Technologies, Inc. (NYSE:LHX) closed the issuance and sale of $1.0 billion in notes on November 5, 2026. The offering consisted of two equal tranches: $500 million aggregate principal amount of 5.200% Notes due 2029 and $500 million aggregate principal amount of 5.400% Notes due 2032. The notes were offered and sold under L3Harris' automatic shelf Registration Statement on Form S-3 (Registration No. 333-293429), which was filed with the SEC on February 12, 2026.

The company entered into an Underwriting Agreement dated November 2, 2026, with Citigroup Global Markets Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC as representatives of the several underwriters. A Prospectus Supplement dated November 2, 2026, was also filed in connection with the issuance. The filing notes that the notes were issued pursuant to an indenture dated September 3, 2003, between L3Harris and The Bank of New York Mellon Trust Company, N.A., as successor trustee.

The filing states that L3Harris intends to use the net proceeds for general corporate purposes, specifically including the funding of the redemption or repayment at maturity of all $550 million aggregate principal amount of 3.85% Senior Notes due December 15, 2026, approximately $15 million of which was issued by subsidiary L3 Technologies, Inc. Additionally, together with cash on hand, the proceeds are intended to fund a portion of the redemption or repayment of the $1,250 million aggregate principal amount of 5.40% Notes due January 15, 2027. The filing also notes that certain underwriters or their affiliates may hold the 2026 notes and/or the 2027 notes.

What Was Disclosed

L3Harris Technologies disclosed the November 5, 2026, closing of a $1.0 billion two-tranche note offering, with proceeds intended primarily for refinancing $550 million in notes due December 2026 and a portion of $1,250 million in notes due January 2027.