Chemring £90m revolving credit facility (2018)
Liquidity, and to fund the US$83.6m private placement notes due November 2019
Key terms
- Borrower or issuer
- Chemring Group
- Date
- Oct 2018
- Type
- Bank facility
- Amount
- £90m (US$120m)
- Maturity
- 2022-10
Recorded terms
- Structure
- Revolving credit facility with a syndicate of four banks; four-year initial term with options to extend by two years
- Lenders and arrangers
- Syndicate of four banks
- Country
- United Kingdom
Parties
- Chemring Group borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 18 Sep 2026 | EIB €250m covered bond and guarantee with National Bank of Greece for security and defence | Bank facility | €250m |
| 24 Aug 2026 | Lockheed Martin US$2.25bn 364-day revolving credit facility (2026) | Bank facility | US$2.25bn |
| 28 Jul 2026 | RENK €1.05bn unsecured syndicated financing (2026) | Bank facility | €1.05bn |
| 20 Jul 2026 | EIB €50m intermediated loan to CrediaBank for security and defence | Bank facility | €50m |
More from Chemring Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| Apr 2025 | Chemring £180m revolving credit facility (2025) | Bank facility | £180m |
| Oct 2024 | Chemring £80m UK Export Finance-backed loan facility (2024) | Export credit | £80m |
| Jul 2021 | Chemring £150m revolving credit facility (2021) | Bank facility | £150m |
Sources
- Chemring results for the year ended 31 October 2018 (RNS) investegate.co.uk · 17 Jan 2019
About this record
Record DEF-2018-0025, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
