Karman Space & Defense US$350m senior secured credit facilities (2025)
Repay the 2020 financing agreement (TCW Asset Management, agent) after the IPO
Key terms
- Borrower or issuer
- Karman Space & Defense
- Date
- 1 Apr 2025
- Type
- Bank facility
- Amount
- US$350m
- Maturity
- 2032-04-01
Recorded terms
- Structure
- US$300m term loan and US$50m revolving credit facility, secured on substantially all assets
- Lenders and arrangers
- Citibank, N.A., administrative agent
- Country
- United States
Parties
- Karman Space & Defense borrower or issuer
- Lenders: Citigroup
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 14 Apr 2025 | Hensoldt €1.8bn unsecured syndicated loan refinancing | Bank facility | €1.8bn |
| 5 Jun 2025 | Parsons US$1.2bn term loan and revolving credit facility (2025) | Bank facility | US$1.2bn |
| 11 Jun 2025 | EIB €500m intermediated loan to Deutsche Bank for security and defence SMEs | Bank facility | €500m |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| 21 Jul 2025 | Hensoldt €300m Schuldschein loan | Bank facility | €300m |
More from Karman Space & Defense
| Date | Financing | Type | Amount |
|---|---|---|---|
| 26 Aug 2026 | Karman Space & Defense US$100m incremental term loan for Walker Precision | Acquisition finance | US$100m |
M&A and investment involving Karman Space & Defense
| Date | Deal | Type | Value |
|---|---|---|---|
| 28 May 2026 | Karman Space & Defense US$854m secondary offering | Equity raise | US$854m |
| 5 Feb 2026 | Karman acquisition of Seemann Composites and Materials Sciences | M&A | US$220m |
| 23 Jul 2025 | Karman Space & Defense US$1,029m secondary offering | Equity raise | US$1.03bn |
| 13 Feb 2025 | Karman Space & Defense US$506m IPO | IPO | US$506m |
Sources
- Karman Holdings Form 8-K: new credit agreement sec.gov · 7 Apr 2025
About this record
Record DEF-2025-0032, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
