Ducommun US$340m amended and restated credit facilities
Refinanced the 2015 credit agreement
Key terms
- Borrower or issuer
- Ducommun
- Date
- 21 Nov 2018
- Type
- Bank facility
- Amount
- US$340m
- Maturity
- 2025
Recorded terms
- Structure
- Seven-year US$240m term loan (fully drawn) and five-year US$100m revolver
- Lenders and arrangers
- Bank of America, N.A. (administrative agent, swingline lender and issuing bank) and a syndicate of lenders
- Country
- United States
Parties
- Ducommun borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Nov 2018 | Leonardo €500m term loan (2018) | Bank facility | €500m |
| 31 Oct 2018 | Comtech US$300m amended and restated revolving credit facility | Bank facility | US$300m |
| 17 Oct 2018 | Curtiss-Wright US$500m revolving credit facility (2018) | Bank facility | US$500m |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
More from Ducommun
| Date | Financing | Type | Amount |
|---|---|---|---|
| 14 Jul 2022 | Ducommun US$450m senior secured credit facilities | Bank facility | US$450m |
| 20 Dec 2019 | Ducommun US$140m senior secured term loan A | Bank facility | US$140m |
| 26 Jun 2015 | Ducommun US$475m senior secured credit facilities | Bank facility | US$475m |
Sources
- Ducommun Form 8-K (Amended and Restated Credit Agreement) sec.gov · 26 Nov 2018
About this record
Record DEF-2018-0031, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
