Lockheed Martin US$3.0bn revolving credit facility (2021)
General corporate purposes, including backing commercial paper
Key terms
- Borrower or issuer
- Lockheed Martin
- Date
- 24 Aug 2021
- Type
- Bank facility
- Amount
- US$3bn
- Maturity
- 2026
Recorded terms
- Structure
- Five-year unsecured revolving credit facility with a US$500m accordion
- Lenders and arrangers
- Bank of America, N.A. (administrative agent); JPMorgan Chase Bank (syndication agent); Citibank, Crédit Agricole CIB, Mizuho, Wells Fargo (documentation agents)
- Country
- United States
Parties
- Lockheed Martin borrower or issuer
- Agent: Wells Fargo, Bank of America
- Lenders: Citigroup, J.P. Morgan, Credit Agricole CIB, Mizuho
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Sep 2021 | Rheinmetall €500m syndicated revolving credit facility | Bank facility | €500m |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| 25 Jun 2021 | Parsons US$650m unsecured revolving credit facility | Bank facility | US$650m |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
More from Lockheed Martin
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Jul 2025 | Lockheed Martin US$2,000m senior notes (3 tranches) | Bond | US$2bn |
| 5 Dec 2024 | Lockheed Martin US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 26 Jan 2024 | Lockheed Martin US$2,000m senior notes (3 tranches) | Bond | US$2bn |
| 24 May 2023 | Lockheed Martin US$2,000m senior notes (3 tranches) | Bond | US$2bn |
| 20 Oct 2022 | Lockheed Martin US$4,000m senior notes (5 tranches) | Bond | US$4bn |
| 24 Aug 2022 | Lockheed Martin US$3.0bn revolving credit facility (2022) | Bank facility | US$3bn |
M&A and investment involving Lockheed Martin
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 Oct 2024 | Lockheed Martin acquisition of Terran Orbital | M&A | US$450m |
| 13 Feb 2022 | Lockheed Martin acquisition of Aerojet Rocketdyne (terminated) | M&A Terminated | US$4.4bn |
| 16 Aug 2016 | Leidos combination with Lockheed Martin IS&GS | M&A | US$4.6bn |
| 6 Nov 2015 | Lockheed Martin acquisition of Sikorsky | M&A | US$9bn |
Sources
- Lockheed Martin Form 8-K sec.gov · 24 Aug 2021
About this record
Record DEF-2021-0008, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
