FLIR Systems US$425m 3.125% notes due 2021
Refinancing and general corporate purposes
Key terms
- Borrower or issuer
- FLIR Systems
- Date
- 1 Jun 2016
- Type
- Bond
- Amount
- US$425m
- Pricing
- 3.125% fixed
- Maturity
- 2021
- Rating at issue
- BBB- (index)
Recorded terms
- Structure
- US$425m 3.125% senior unsecured notes due 2021 (SEC-registered); closed 10 June 2016
- Lenders and arrangers
- Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC (representatives of the underwriters)
- Country
- United States
Rating at issue
Rated BBB- at issue on the index basis (middle of three agencies, lower of two), from the SEC pricing term sheet for the notes.
Ratings: Baa3 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services
Ratings change over time; check the agencies for the current rating.
Parties
- FLIR Systems borrower or issuer
- bookrunner/arranger: BofA Securities, J.P. Morgan
Similar financings
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|---|---|---|---|
| 31 May 2016 | Thales €600m 0.75% bond due 2023 | Bond | €600m |
| 26 May 2016 | Kongsberg Gruppen NOK 2bn unsecured bonds (FRN 2021 and 3.20% 2026) | Bond | NOK 2bn |
| 11 Aug 2016 | General Dynamics US$1,000m senior notes (2 tranches) | Bond | US$1bn |
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More from FLIR Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Mar 2019 | FLIR Systems US$900m second amended and restated credit facilities | Bank facility | US$900m |
| 31 May 2016 | FLIR Systems US$500m revolving credit facility | Bank facility | US$500m |
M&A and investment involving FLIR Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 14 May 2021 | Teledyne acquisition of FLIR Systems | M&A | US$8.2bn |
Sources
- FLIR Systems Form 8-K (notes closing) sec.gov · 10 Jun 2016
About this record
Record DEF-2016-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
