Harris exercises option to redeem all $300 million 5% notes due 2015

By Tali David

Minneapolis, April 26 - Harris Corp. announced that it is exercising its option to redeem all $300 million of its 5% notes due Oct. 1, 2015, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at a make-whole redemption price calculated using Treasuries plus 15 basis points on May 28.

Harris is a Melbourne, Fla.-based communication and information technology company.

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