L-3 Announces Full Redemption of 3% Convertible Contingent Debt Securities (CODES) Due 2035

NEW YORK--(BUSINESS WIRE)--May 13, 2014-- L-3 Communications Holdings, Inc. (NYSE:LLL) (the “Company”) announced today that it has called for full redemption of all of its outstanding 3% Convertible Contingent Debt Securities (the “CODES”) due 2035 (CUSIP Numbers: 502424AE4 and 502413AW7) to be effected on June 2, 2014 (the “Redemption Date”) (the “Redemption”). As of March 28, 2014, there was $689.4 million in aggregate principal amount of CODES outstanding.

The redemption price for the CODES will be $1,000 per $1,000 principal amount of the CODES, plus accrued and unpaid interest to, but excluding, the Redemption Date (the “Redemption Price”), payable in cash.

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