Ducommun US$450m senior secured credit facilities
Refinanced the 2018 credit agreement
Key terms
- Borrower or issuer
- Ducommun
- Date
- 14 Jul 2022
- Type
- Bank facility
- Amount
- US$450m
- Maturity
- 2027
Recorded terms
- Structure
- Five-year US$250m term loan (fully drawn) and five-year US$200m 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 |
|---|---|---|---|
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver | Bank facility | US$2.23bn |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 29 Jul 2022 | L3Harris US$2bn five-year revolving credit facility (2022) | Bank facility | US$2bn |
| 23 Aug 2022 | Northrop Grumman US$2.5bn revolving credit facility (2022) | Bank facility | US$2.5bn |
| 24 Aug 2022 | Lockheed Martin US$3.0bn revolving credit facility (2022) | Bank facility | US$3bn |
More from Ducommun
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Dec 2019 | Ducommun US$140m senior secured term loan A | Bank facility | US$140m |
| 21 Nov 2018 | Ducommun US$340m amended and restated credit facilities | Bank facility | US$340m |
| 26 Jun 2015 | Ducommun US$475m senior secured credit facilities | Bank facility | US$475m |
Sources
- Ducommun Form 8-K (credit agreement) sec.gov · 18 Jul 2022
About this record
Record DEF-2022-0027, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
