2023-03-17 09:23:14 ET
- L3Harris Technologies ( NYSE: LHX ) signs a new $2.4B revolving credit facility with one year maturity.
- It expects to use the proceeds of the initial funding to finance a portion of the purchase price for its acquisition of Aerojet Rocketdyne ; remaining to be used for working capital purposes.
- The company also said that it established a new CP program post which it may issue unsecured commercial paper notes up to a maximum amount outstanding of $3.4B which is supported by amounts available under current and existing credit agreements.
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L3Harris signs new $2.4B revolving credit facility