L3Harris sets up $2.5 billion five-year revolving credit facility, replacing $2 billion line
On February 18, 2025, L3Harris entered a new $2.5 billion, five-year senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent, replacing its prior $2 billion facility from July 29, 2022, which the company says incurred no early termination penalties. The company also set up a new $500 million, 364-day revolving facility to replace a $1.5 billion facility that matured on January 24, 2025. The filing describes the terms of these refinancings and does not state any amounts drawn under them, and the excerpt ends partway through Item 2.03.
Key points
- New $2.5 billion revolver matures February 18, 2030, with a possible one-year extension under certain circumstances.
- Prior $2 billion facility dated July 29, 2022 was terminated; the filing says no early termination penalties were incurred.
- New $500 million 364-day facility commitments run through February 17, 2026, replacing a $1.5 billion facility that matured January 24, 2025.
- Initial interest margin on the $2.5 billion facility is 1.125% over term SOFR, adjustable based on L3Harris senior debt ratings.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.