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L3Harris Technologies ( (LHX) ) has issued an announcement.
On February 18, 2025, L3Harris Technologies announced the establishment of a new $2.5 billion five-year senior unsecured revolving credit facility, replacing a previous $2 billion facility. This move enhances L3Harris’ financial flexibility, allowing it to borrow, prepay, and re-borrow funds, with certain subsidiaries designated as borrowers. Concurrently, L3Harris set up a new $500 million 364-day credit facility, replacing a prior $1.5 billion facility. These developments demonstrate L3Harris’ strategic financial adjustments to support its operations and maintain favorable terms based on its senior debt ratings.
More about L3Harris Technologies
L3Harris Technologies operates in the defense and aerospace industry, providing advanced technology products, systems, and services primarily focused on communication, electronic warfare, avionics, and space sectors.
YTD Price Performance: -4.89%
Average Trading Volume: 1,189,065
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $37.14B
For a thorough assessment of LHX stock, go to TipRanks’ Stock Analysis page.
