AeroVironment US$200m revolving credit facility (2024)
Working capital and general corporate purposes; extend the facility
Key terms
- Borrower or issuer
- AeroVironment
- Date
- 4 Oct 2024
- Type
- Bank facility
- Amount
- US$200m
- Maturity
- 2029-10-04
Recorded terms
- Structure
- Third amendment to the 2021 credit agreement: US$200m secured revolving credit facility with US$25m letter of credit and US$10m swingline sublimits
- Lenders and arrangers
- Bank of America, N.A., administrative agent and swingline lender; Bank of America, N.A., JPMorgan Chase Bank, N.A., U.S. Bank National Association and Citibank, N.A. (new lender), lenders
- Country
- United States
Parties
- AeroVironment borrower or issuer
- Lenders: Bank of America, Citigroup, J.P. Morgan, US Bancorp
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Sep 2024 | Huntington Ingalls Industries US$1.7bn revolving credit facility (2024) | Bank facility | US$1.7bn |
| 10 Jun 2024 | Teledyne US$1.2bn revolving credit facility (2024) | Bank facility | US$1.2bn |
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
| 1 Apr 2025 | Karman Space & Defense US$350m senior secured credit facilities (2025) | Bank facility | US$350m |
| 14 Apr 2025 | Hensoldt €1.8bn unsecured syndicated loan refinancing | Bank facility | €1.8bn |
More from AeroVironment
| Date | Financing | Type | Amount |
|---|---|---|---|
| 3 Jul 2025 | AeroVironment US$747.5m 0% convertible senior notes due 2030 | Convertible | US$747.5m |
| 1 May 2025 | AeroVironment US$700m term loan A for the BlueHalo acquisition | Acquisition finance | US$700m |
| 19 Feb 2021 | AeroVironment US$300m credit facilities for the Arcturus UAV acquisition | Acquisition finance | US$300m |
M&A and investment involving AeroVironment
| Date | Deal | Type | Value |
|---|---|---|---|
| 1 May 2025 | AeroVironment acquisition of BlueHalo | M&A | US$4.1bn |
| 22 Feb 2021 | AeroVironment acquisition of Arcturus UAV | M&A | US$405m |
Sources
- AeroVironment Form 8-K: third amendment to credit agreement sec.gov · 8 Oct 2024
About this record
Record DEF-2024-0022, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
