Engility US$1.045bn senior secured credit facilities
Refinanced the first and second lien loans taken on for the TASC merger
Key terms
- Borrower or issuer
- Engility
- Date
- 12 Aug 2016
- Type
- Bank facility
- Amount
- US$1.04bn
Recorded terms
- Structure
- US$200m term loan B1, US$680m term loan B2 and US$165m revolver
- Lenders and arrangers
- Morgan Stanley Senior Funding, Inc. (administrative agent) and a syndicate of lenders
- Country
- United States
Parties
- Engility borrower or issuer
- Lenders: Morgan Stanley
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 16 Aug 2016 | Leidos US$3.28bn secured credit facilities for the Lockheed Martin IS&GS combination | Bank facility | US$3.28bn |
| 30 Sep 2016 | Textron US$1.0bn revolving credit facility (2016) | Bank facility | US$1bn |
| 17 Jun 2016 | Aerojet Rocketdyne US$750m fourth amended and restated credit facility | Bank facility | US$750m |
| 31 May 2016 | FLIR Systems US$500m revolving credit facility | Bank facility | US$500m |
| 28 Feb 2017 | Hensoldt €920m term loan (2017-2018) | Bank facility | €920m |
More from Engility
| Date | Financing | Type | Amount |
|---|---|---|---|
| 12 Aug 2016 | Engility US$300m 8.875% senior notes due 2024 | Bond | US$300m |
M&A and investment involving Engility
| Date | Deal | Type | Value |
|---|---|---|---|
| 14 Jan 2019 | SAIC acquisition of Engility | M&A | US$2.5bn |
Sources
- Engility Form 8-K (credit agreement and 8.875% notes) sec.gov · 15 Aug 2016
About this record
Record DEF-2016-0014, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
