Huntington Ingalls Industries US$1.7bn revolving credit facility (2024)
General corporate purposes; extend maturity
Key terms
- Borrower or issuer
- Huntington Ingalls Industries
- Date
- 17 Sep 2024
- Type
- Bank facility
- Amount
- US$1.7bn
- Pricing
- SOFR (incl. 0.10% CSA) + 1.125-2.000% by rating (1.375% at signing); commitment fee 0.125-0.30%
- Maturity
- 2029-09-17
Recorded terms
- Structure
- Second amended and restated revolving credit facility, increased from US$1.5bn to US$1.7bn
- Lenders and arrangers
- JPMorgan Chase Bank, N.A., administrative agent and an issuing bank
- Country
- United States
Parties
- Huntington Ingalls Industries borrower or issuer
- Lenders: J.P. Morgan
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 4 Oct 2024 | AeroVironment US$200m revolving credit facility (2024) | Bank facility | US$200m |
| 10 Jun 2024 | Teledyne US$1.2bn revolving credit facility (2024) | Bank facility | US$1.2bn |
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
| 1 Apr 2025 | Karman Space & Defense US$350m senior secured credit facilities (2025) | Bank facility | US$350m |
| 14 Apr 2025 | Hensoldt €1.8bn unsecured syndicated loan refinancing | Bank facility | €1.8bn |
More from Huntington Ingalls Industries
| Date | Financing | Type | Amount |
|---|---|---|---|
| 14 Nov 2024 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 10 Aug 2021 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| Aug 2021 | Huntington Ingalls Industries US$650m delayed-draw term loan for the Alion acquisition | Bank facility | US$650m |
| 27 Mar 2020 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 17 Nov 2017 | Huntington Ingalls Industries US$600m 3.483% senior notes due 2027 | Bond | US$600m |
| 2 Nov 2015 | Huntington Ingalls Industries US$600m 5.000% senior notes due 2025 | Bond | US$600m |
M&A and investment involving Huntington Ingalls Industries
| Date | Deal | Type | Value |
|---|---|---|---|
| 20 Aug 2021 | HII acquisition of Alion Science and Technology | M&A | US$1.65bn |
Sources
- Huntington Ingalls Industries Form 8-K: second amended and restated credit agreement sec.gov · 17 Sep 2024
About this record
Record DEF-2024-0023, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
