BAE Systems US$4.8bn notes refinancing the Ball Aerospace acquisition
- Issuer or borrower
- BAE Systems
- Date
- Mar 2024
- Amount
- US$4.8bn
- Type
- Bond
- Structure
- 144A/Reg S notes in five tranches: US$800m 5.000% 2027, US$1.25bn 5.125% 2029, US$500m 5.250% 2031, US$1.5bn 5.300% 2034, US$750m 5.500% 2054
- Purpose
- Refinance the US$4bn bridge facility for the US$5.55bn Ball Aerospace acquisition (closed February 2024)
- Country
- United Kingdom / United States
Sources
- BAE Systems RNS: Notes issuance investegate.co.uk · 20 Mar 2024
Checked against the documents above. Record DEF-2024-0005.
Other financings by BAE Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Sep 2020 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Bond | US$2bn |
M&A and investment involving BAE Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 16 Feb 2024 | BAE Systems acquisition of Ball Aerospace | M&A | US$5.5bn |
