The Firm represented L-3 Communications Corporation in connection with a public offering of $350 million of 1.50% Senior Notes due 2017 and $650 million of 3.95% Senior Notes due 2024.
L-3 is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. A portion of the net proceeds from the transaction will be used to fund the redemption (and any associated conversions) of all of L-3 Communications Holdings, Inc.’s outstanding 3.00% Convertible Contingent Debt Securities due 2035. The remaining net proceeds will be used for general corporate purposes.
The Simpson Thacher team for the debt offering included AJ Kess, Marisa Stavenas, Sung Bum Cho and Katharine Thompson (Capital Markets), Jonathan Cantor and Jacqueline Barbera (Tax), Mike Isby (Environmental) and Jamin Koslowe (Executive Compensation and Employee Benefits).
