Kratos US$90m senior secured revolving credit facility (2017)
Amended and restated credit facility alongside the US$300m 6.50% notes refinancing
Key terms
- Borrower or issuer
- Kratos Defense & Security Solutions
- Date
- 20 Nov 2017
- Type
- Bank facility
- Amount
- US$90m
- Maturity
- 2022-11-20
Recorded terms
- Structure
- Five-year senior secured revolver with US$25m accordion to US$115m, US$50m letter of credit subline
- Lenders and arrangers
- SunTrust Bank (agent) and SunTrust Robinson Humphrey, Inc. (lead arranger)
- Country
- United States
Parties
- Kratos Defense & Security Solutions borrower or issuer
- Lenders: Truist
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 14 Feb 2018 | Leonardo €1.8bn revolving credit facility (2018) | Bank facility | €1.8bn |
| 3 Apr 2018 | Oshkosh US$1.175bn second amended and restated credit agreement | Bank facility | US$1.18bn |
| 27 Jun 2017 | Mercury Systems US$400m revolving credit facility (2017 refinancing) | Bank facility | US$400m |
| 24 May 2018 | BWX Technologies US$800m secured credit facility (2018) | Bank facility | US$800m |
| 31 May 2018 | Perspecta US$3.1bn senior secured credit facilities at spin-off | Bank facility | US$3.1bn |
More from Kratos Defense & Security Solutions
| Date | Financing | Type | Amount |
|---|---|---|---|
| 18 Feb 2022 | Kratos US$400m secured credit facility | Bank facility | US$400m |
| 21 Nov 2017 | Kratos US$300m 6.50% senior secured notes due 2025 | Bond | US$300m |
M&A and investment involving Kratos Defense & Security Solutions
| Date | Deal | Type | Value |
|---|---|---|---|
| 26 Feb 2026 | Kratos Defense & Security Solutions US$1.2bn share offering | Equity raise | US$1.2bn |
| 7 Nov 2025 | Kratos acquisition of Orbit Technologies | M&A Announced | US$356.3m |
Sources
- Kratos Form 8-K (Amended and Restated Credit and Security Agreement) sec.gov · 21 Nov 2017
About this record
Record DEF-2017-0019, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
