Issuer:
|
Harris Corporation | |
Size:
|
$400,000,000 | |
Maturity:
|
December 1, 2017 | |
Coupon (Interest Rate):
|
5.950% | |
Yield to Maturity:
|
5.997% | |
Spread to Benchmark Treasury:
|
200 basis points | |
Benchmark Treasury:
|
4.250% due November 15, 2017 | |
Benchmark Treasury Price:
|
102-02 | |
Benchmark
Treasury Yield:
|
3.997% | |
Interest Payment Dates:
|
June 1 and December 1, commencing on June 1, 2008 | |
Make-Whole Call:
|
Treasury Rate plus 30 basis points | |
Price to Public:
|
99.652% | |
Use
of Proceeds:
|
We will use the net proceeds from the sale of the notes for general corporate purposes, including repayment of all of the outstanding indebtedness under our commercial paper program incurred in connection with our acquisition of Multimax and the repurchase and retirement of $25 million of the 6.35% debentures, due fiscal 2028 from an institution participating in this offering. | |
Settlement Date:
|
December 5, 2007 | |
Ratings:
|
Baa1 by Moodys Investors Service, Inc.; BBB+ by Standard & Poors Ratings Services | |
CUSIP:
|
413875AK1 | |
Joint Book-Running Managers:
|
Banc of America Securities LLC; Morgan Stanley & Co. Incorporated |