HARRIS CORPORATION (NYSE:HRS) Files An 8-K Other EventsItem 8.01Other Events.
On November 6, 2017, Harris Corporation (“Harris”) closed its issuance and sale of $250,000,000 aggregate principal amount of its Floating Rate Notes due April 2020 (the “Notes”). The Notes will bear interest at a floating rate, reset quarterly, equal to three-month LIBOR plus 0.480% per year.
The Notes were offered and sold under Harris’ “automatic shelf” Registration Statement on Form S-3 (Registration No. 333-213408) filed with the Securities and Exchange Commission (“SEC”) on August 31, 2016 (the “Registration Statement”). In connection with the issuance and sale of the Notes, the Company filed a Prospectus dated August 31, 2016, and a related Prospectus Supplement dated November 1, 2017, which relate to the issuance and sale of the Notes.
The Notes were issued to an Indenture, dated as of September 3, 2003 (Exhibit 4(b)(i) to the Registration Statement), between Harris and The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York, as trustee.
The following documents relating to the sale of the Notes are filed as exhibits to this Current Report on Form 8-K and are incorporated into this Item 8.01 by reference:
|
Underwriting Agreement, dated as of November 1, 2017, between Harris and Morgan Stanley & Co. LLC, on behalf of itself and the several underwriters named therein; |
|
Form of Floating Rate Global Note due April 2020; and |
|
Opinion of Holland & Knight LLP as to the validity of the Notes. |
In connection with the closing of the sale of the Notes, Harris used the net proceeds from the sale of the Notes, together with cash on hand, to repay in full the approximately $250 million in remaining outstanding indebtedness under the 5-year tranche of its $1.3 billion senior unsecured term loan facility with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders and agents party thereto, to a Term Loan Agreement, dated as of March 16, 2015 (Exhibit 10.2 to the Current Report on Form 8-K filed with the SEC on March 19, 2015), as amended.
Item 8.01 Financial Statements and Exhibits.
(d)Exhibits.
The following exhibits are filed herewith:
HARRIS CORP /DE/ ExhibitEX-1.1 2 harris-underwritingagreeme.htm EXHIBIT 1.1 Exhibit EXECUTION VERSIONExhibit 1.1HARRIS CORPORATION$250,…To view the full exhibit click here
About HARRIS CORPORATION (NYSE:HRS)
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
