Kratos US$400m secured credit facility
Refinance the revolver and senior notes
Key terms
- Borrower or issuer
- Kratos
- Date
- 18 Feb 2022
- Type
- Bank facility
- Amount
- US$400m
- Maturity
- 2027
Recorded terms
- Structure
- Five-year senior secured credit facility: US$200m revolving credit facility and US$200m term loan
- Lenders and arrangers
- Truist Bank (administrative agent)
- Country
- United States
Parties
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
Sources
- Kratos Defense & Security Solutions Form 8-K sec.gov · 18 Feb 2022
About this record
Record DEF-2022-0001, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
