FLIR Systems US$500m revolving credit facility
Refinancing and general corporate purposes
Key terms
- Borrower or issuer
- FLIR Systems
- Date
- 31 May 2016
- Type
- Bank facility
- Amount
- US$500m
- Maturity
- 2021
Recorded terms
- Structure
- US$500m unsecured five-year revolver replacing a US$200m revolver and US$150m term loan
- Lenders and arrangers
- Bank of America, N.A. (administrative agent); JPMorgan Chase Bank, N.A. and U.S. Bank National Association (co-syndication agents)
- Country
- United States
Parties
- FLIR Systems borrower or issuer
- Lenders: Bank of America, J.P. Morgan, US Bancorp
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 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 |
| 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 |
| 13 Nov 2015 | Raytheon US$1.25bn five-year revolving credit facility (2015) | Bank facility | US$1.25bn |
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 |
| 1 Jun 2016 | FLIR Systems US$425m 3.125% notes due 2021 | Bond | US$425m |
M&A and investment involving FLIR Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 14 May 2021 | Teledyne acquisition of FLIR Systems | M&A | US$8.2bn |
Sources
- FLIR Systems Form 8-K (amended and restated credit agreement) sec.gov · 31 May 2016
About this record
Record DEF-2016-0012, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
