L-3 Communications to redeem $200 million 8% notes with sale proceeds

Pittsburgh, Nov. 1 - L-3 Communications Holdings Inc. will use the net proceeds from its sale of $500 million of senior subordinated notes to redeem its outstanding $200 million of 8% senior subordinated notes due 2008, according to a company news release.

The proceeds will also be used for general corporate purposes, including acquisitions.

L-3 Communication is a New York-based provider of intelligence, surveillance and reconnaissance systems, secure communications systems, aircraft modernization, training and government services and a merchant supplier of high-technology products.

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