Hensoldt €920m term loan (2017-2018)
Key terms
- Borrower or issuer
- Hensoldt
- Date
- 28 Feb 2017
- Type
- Bank facility
- Amount
- €920m (US$1.0bn)
- Pricing
- 3M Euribor + 3.25% (zero floor)
- Maturity
- 2024-02-28
Recorded terms
- Structure
- Senior term loan drawn in tranches between 28 February 2017 and 6 December 2018 (€920m outstanding at end-2019) while the group was owned by KKR; replaced at the September 2020 IPO
- Country
- Germany
Parties
- Hensoldt borrower or issuer
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|---|---|---|---|
| 27 Jun 2017 | Mercury Systems US$400m revolving credit facility (2017 refinancing) | Bank facility | US$400m |
| 30 Sep 2016 | Textron US$1.0bn revolving credit facility (2016) | Bank facility | US$1bn |
| 16 Aug 2016 | Leidos US$3.28bn secured credit facilities for the Lockheed Martin IS&GS combination | Bank facility | US$3.28bn |
| 12 Aug 2016 | Engility US$1.045bn senior secured credit facilities | Bank facility | US$1.04bn |
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More from Hensoldt
| Date | Financing | Type | Amount |
|---|---|---|---|
| 21 Jul 2025 | Hensoldt €300m Schuldschein loan | Bank facility | €300m |
| 14 Apr 2025 | Hensoldt €1.8bn unsecured syndicated loan refinancing | Bank facility | €1.8bn |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
| 30 Sep 2020 | Hensoldt €950m senior facilities at the IPO (2020) | Bank facility | €950m |
M&A and investment involving Hensoldt
| Date | Deal | Type | Value |
|---|---|---|---|
| 2 Apr 2024 | Hensoldt acquisition of ESG Elektroniksystem- und Logistik | M&A | €675m |
| 7 Dec 2023 | Hensoldt €241m accelerated bookbuild capital increase | Equity raise | €241m |
| 3 Jan 2022 | Leonardo acquisition of 25.1% of Hensoldt from KKR | Stake sale | €606m |
| 25 Sep 2020 | Hensoldt IPO on the Frankfurt Stock Exchange | IPO | €300m |
Sources
- Hensoldt Annual Report 2020: loan terms as of 31 December 2019 irpages2.eqs.com · 22 Mar 2021
About this record
Record DEF-2017-0018, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
