L-3 calls 5.25% convertibles

New York, Dec. 22 - L-3 Communications Holdings Inc. said it will redeem all its outstanding 5.25% convertible senior subordinated notes due 2009 on Jan. 12.

The New York provider of intelligence, surveillance and reconnaissance systems and secure communications systems will pay 102.625% of the principal amount plus accrued interest.

Up to the close of business on Jan. 9, holders can convert the notes into stock at a price of $40.75. L-3 stock closed at $48.57 on Friday.

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