Ducommun US$475m senior secured credit facilities
Refinanced the UBS-agented 2011 credit agreement
Key terms
- Borrower or issuer
- Ducommun
- Date
- 26 Jun 2015
- Type
- Bank facility
- Amount
- US$475m
- Maturity
- 2020
Recorded terms
- Structure
- Five-year US$275m delayed-draw term loan and five-year US$200m revolver (US$65m drawn at closing)
- 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 Sep 2015 | Orbital ATK US$1.8bn senior secured credit facilities | Bank facility | US$1.8bn |
| 13 Nov 2015 | Raytheon US$1.25bn five-year revolving credit facility (2015) | Bank facility | US$1.25bn |
| 31 May 2016 | FLIR Systems US$500m revolving credit facility | Bank facility | US$500m |
| 17 Jun 2016 | Aerojet Rocketdyne US$750m fourth amended and restated credit facility | Bank facility | US$750m |
| 12 Aug 2016 | Engility US$1.045bn senior secured credit facilities | Bank facility | US$1.04bn |
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 |
| 21 Nov 2018 | Ducommun US$340m amended and restated credit facilities | Bank facility | US$340m |
Sources
- Ducommun Form 8-K (credit agreement) sec.gov · 29 Jun 2015
About this record
Record DEF-2015-0015, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
