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L-3 to use $650 million note proceeds for redemption of 5 7/8% notes
By Toni Weeks
San Diego, Feb. 2 - L- 3 Communications Corp. will use the proceeds from its offering of $650 million senior notes due 2021 announced Wednesday along with cash on hand to redeem $650 million of its 5 7/8% senior subordinated notes due 2015.
Based in New York, L-3 is a contractor in aircraft modernization and maintenance, secure communications systems and government services.
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