Issuer: |
Harris Corporation | |
Size: |
$350,000,000 | |
Maturity: |
June 15, 2019 | |
Coupon (Interest Rate): |
6.375% | |
Yield to Maturity: |
6.417% | |
Spread to Benchmark Treasury: |
T + 275 basis points | |
Benchmark Treasury: |
3.125% due May 15, 2019 | |
Benchmark Treasury Price: |
95-16+ | |
Benchmark Treasury Yield |
3.667% | |
Interest Payment Dates: |
June 15 and December 15, commencing on | |
December 15, 2009 | ||
Make-Whole Call: |
Treasury Rate plus 37.5 basis points | |
Price to Public: |
99.691% | |
Use of Proceeds: |
We will use the net proceeds from the sale | |
of the notes for repayment of a portion of | ||
the outstanding indebtedness under our | ||
commercial paper program recently incurred | ||
in connection with our acquisition of the | ||
Tyco Electronics Wireless Systems business. | ||
Settlement Date: |
June 9, 2009 | |
Ratings: |
Moodys Investors Service, Inc.: Baa1 | |
(stable outlook) | ||
Standard & Poors Ratings Services: BBB+ | ||
(stable outlook) | ||
CUSIP: |
413875 AL9 | |
Joint Book-Running Managers: |
Citigroup Global Markets Inc. | |
Morgan Stanley & Co. Incorporated | ||
Co-Managers: |
Banc of America Securities LLC | |
HSBC Securities (USA) Inc. | ||
J.P. Morgan Securities Inc. | ||
SunTrust Robinson Humphrey, Inc. |