L-3 Communications pricing senior notes due 2017, 2024 on Tuesday

By Aleesia Forni

Virginia Beach, May 13 - L-3 Communications Corp. plans to sell senior notes (//BBB-) in tranches due 2017 and 2024 on Tuesday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The securities will feature a change-of-control put.

BofA Merrill Lynch, Barclays, SunTrust Robinson Humphrey Inc., Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA) Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to redeem the company's 3% convertible contingent debt securities due 2035 and for general corporate purposes.

The notes are guaranteed by the company's domestic subsidiaries.

The government-communications and intelligence contractor is based in New York City.

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