Aerojet Rocketdyne US$750m fourth amended and restated credit facility
Refinanced the prior credit facility; general corporate purposes
Key terms
- Borrower or issuer
- Aerojet Rocketdyne
- Date
- 17 Jun 2016
- Type
- Bank facility
- Amount
- US$750m
- Maturity
- 2021-06-17
Recorded terms
- Structure
- US$350m revolver and US$400m delayed-draw term loan, both to June 2021
- Lenders and arrangers
- Bank of America, N.A. (administrative agent) and a syndicate of lenders
- Country
- United States
Parties
- Aerojet Rocketdyne borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 31 May 2016 | FLIR Systems US$500m revolving credit facility | Bank facility | US$500m |
| 12 Aug 2016 | Engility US$1.045bn senior secured credit facilities | Bank facility | US$1.04bn |
| 16 Aug 2016 | Leidos US$3.28bn secured credit facilities for the Lockheed Martin IS&GS combination | Bank facility | US$3.28bn |
| 30 Sep 2016 | Textron US$1.0bn revolving credit facility (2016) | Bank facility | US$1bn |
| 13 Nov 2015 | Raytheon US$1.25bn five-year revolving credit facility (2015) | Bank facility | US$1.25bn |
More from Aerojet Rocketdyne
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Dec 2016 | Aerojet Rocketdyne US$300m 2.25% convertible senior notes due 2023 | Convertible | US$300m |
M&A and investment involving Aerojet Rocketdyne
| Date | Deal | Type | Value |
|---|---|---|---|
| 28 Jul 2023 | L3Harris acquisition of Aerojet Rocketdyne | M&A | US$4.7bn |
| 13 Feb 2022 | Lockheed Martin acquisition of Aerojet Rocketdyne (terminated) | M&A Terminated | US$4.4bn |
Sources
- Aerojet Rocketdyne Form 8-K (Fourth Amended and Restated Credit Agreement) sec.gov · 20 Jun 2016
About this record
Record DEF-2016-0016, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
