L-3 Communications adjusts conversion rate of 3% convertibles due 2035 to 9.8326

By Devika Patel

Knoxville, Tenn., July 27 - L-3 Communications Holdings, Inc. announced it has adjusted the conversion rate for its 3% convertible contingent debt securities due 2035.

The new conversion rate is 9.8326 shares per $1,000 principal amount of the securities, up from the original conversion rate of 9.7741 shares per $1,000. The new rate is effective for conversions on or after July 29.

L-3 supplies a broad range of technology and secure communications products to the U.S. Department of Defense, government intelligence agencies and aerospace contractors.

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