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L-3 Communications to redeem 1.5% senior notes due 2017 on Dec. 30
New York, Nov. 30 – L-3 Communications Holdings, Inc. will redeem its $350 million of 1.5% senior notes due 2017 on Dec. 30.
The company will pay par plus a make-whole premium plus accrued interest, according to a news release.
L-3 priced $550 million of 3.85% 10-year notes on Tuesday and said it would use some of the proceeds to fund the redemption of the 1.5% notes.
L-3 Communications is a New York-based provider of communication and electronic systems and products used on military and commercial platforms. It is also an aerospace systems contractor.
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