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L-3 Communications adjusts conversion rate on its 3% debt securities
By Devika Patel
Knoxville, Tenn., May 14 - L-3 Communications Holdings, Inc. said it has adjusted the conversion rate of its 3% convertible contingent debt securities, effective May 17.
The new conversion rate is 10.1074 shares per $1,000 of securities.
The adjustment was made in connection with the regular quarterly dividends of $0.35 per share paid on Sept. 15 and Dec. 15 and the regular quarterly dividends of $0.40 per share paid on March 15 and expected to be paid on June 15.
Based in New York, L-3 is a contractor in aircraft modernization and maintenance, secure communications systems and government services.
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