Harris Corporation and L3 Technologies, Inc. Announce Results of Early Participation in Exchange Offers and Consent Solicitations

MELBOURNE, Fla. & NEW YORK--(BUSINESS WIRE)--Harris Corporation (NYSE:HRS) (“Harris”) and L3 Technologies, Inc. (NYSE:LLL) (“L3”) today announced that, in connection with the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by L3 as set forth in the table below (the “Existing L3 Notes”) for (1) up to $3,350,000,000 aggregate principal amount of new notes issued by Harris (the “New Harris Notes”) and (2) cash, and related consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures governing the Existing L3 Notes (the “Indenture Amendments”), L3 has received the requisite number of consents to adopt the Indenture Amendments with respect to each of the five outstanding series of Existing L3 Notes that are subject to the Exchange Offers and Consent Solicitations. L3 intends to promptly enter into a supplemental indenture with the trustee for the Existing L3 Notes (the “Supplemental Indenture”) to effect the Indenture Amendments.