FLIR Systems US$900m second amended and restated credit facilities
Refinanced the 2016 revolver
Key terms
- Borrower or issuer
- FLIR Systems
- Date
- 29 Mar 2019
- Type
- Bank facility
- Amount
- US$900m
Recorded terms
- Structure
- US$650m unsecured revolver, US$100m US dollar term loan and a US$150m-equivalent Swedish krona 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); Citibank, N.A. and MUFG Union Bank, N.A. (co-documentation agents)
- Country
- United States
Parties
- FLIR Systems borrower or issuer
- Lenders: Bank of America, Citigroup, J.P. Morgan, MUFG, US Bancorp
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
| 28 Jun 2019 | L3Harris US$2bn five-year revolving credit facility | Bank facility | US$2bn |
| 29 Nov 2018 | Leonardo €500m term loan (2018) | Bank facility | €500m |
| 21 Nov 2018 | Ducommun US$340m amended and restated credit facilities | Bank facility | US$340m |
| 31 Oct 2018 | Comtech US$300m amended and restated revolving credit facility | Bank facility | US$300m |
More from FLIR Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 Jun 2016 | FLIR Systems US$425m 3.125% notes due 2021 | Bond | US$425m |
| 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$8.2bn |
Sources
- FLIR Systems Form 8-K (Second Amended and Restated Credit Agreement) sec.gov · 1 Apr 2019
About this record
Record DEF-2019-0016, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
