AeroVironment US$300m credit facilities for the Arcturus UAV acquisition
Fund the acquisition of Arcturus UAV
Key terms
- Borrower or issuer
- AeroVironment
- Date
- 19 Feb 2021
- Type
- Acquisition finance
- Amount
- US$300m
- Maturity
- 2026-02
Recorded terms
- Structure
- Five-year US$200m amortising term loan A, fully drawn at signing, and five-year US$100m revolving credit facility
- Lenders and arrangers
- Bank of America, N.A., administrative agent; joint lead arrangers and bookrunners BofA Securities, JPMorgan Chase Bank and U.S. Bank
- Country
- United States
Parties
- AeroVironment borrower or issuer
- Agent: Bank of America, BofA Securities, J.P. Morgan
- Lenders: US Bancorp
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More from AeroVironment
| Date | Financing | Type | Amount |
|---|---|---|---|
| 3 Jul 2025 | AeroVironment US$747.5m 0% convertible senior notes due 2030 | Convertible | US$747.5m |
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$405m |
Sources
- AeroVironment Form 8-K: credit agreement and completion of the Arcturus UAV acquisition sec.gov · 22 Feb 2021
About this record
Record DEF-2021-0014, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
