- L-3 Communications (NYSE:LLL-OLD +1.2%) has started a cash tender for up to $300M of its outstanding notes.
- The offer is for specified series of its 3.95% notes due 2024, 1.5% notes due 2017 and 3.95% notes due 2016, with an early tender date of Dec. 18 (at 5 p.m. ET), with an expiration on Jan. 5.
- The notes involved have a total of $1.5B principal outstanding.
- Previously: Reuters: L-3 near $550M deal to sell services unit to CACI (Dec. 04 2015)