L3Harris Technologies, Inc. has entered into a new $2.5 billion, five-year senior unsecured revolving credit facility, replacing its previous $2 billion facility. The new agreement, effective February 18, 2025, allows the company to borrow, prepay, and re-borrow funds under specific conditions. The facility includes provisions for wholly-owned subsidiaries in the U.S., Canada, or the U.K. to be designated as borrowers, with obligations guaranteed by L3Harris.

Additionally, L3Harris established a new $500 million, 364-day senior unsecured revolving credit facility, replacing a prior $1.5 billion facility that matured on January 24, 2025. This facility allows for borrowing and repayment through February 17, 2026, with interest rates tied to SOFR or base rate benchmarks.

Both agreements include customary financial covenants, representations, and warranties, and they provide flexibility for L3Harris to manage its capital needs. The prior credit agreements have been terminated without penalty.