Mercury Systems US$300m credit facility for the Microsemi carve-out
Fund the acquisition of Microsemi's embedded security, RF and microwave businesses
Key terms
- Borrower or issuer
- Mercury Systems
- Date
- 2 May 2016
- Type
- Acquisition finance
- Amount
- US$300m
- Maturity
- 2021
Recorded terms
- Structure
- US$200m term loan and US$100m revolving credit facility
- Lenders and arrangers
- Bank of America, N.A. (administrative agent)
- Country
- United States
Parties
- Mercury Systems borrower or issuer
- Agent: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 31 Oct 2018 | SAIC US$2.1bn term loans for the Engility merger | Acquisition finance | US$2.12bn |
| 13 Feb 2019 | TransDigm US$4.0bn 6.25% senior secured notes due 2026 for the Esterline acquisition | Acquisition finance | US$4bn |
| 22 Mar 2021 | Teledyne US$3,000m notes (5 tranches) to fund the FLIR acquisition | Acquisition finance | US$3bn |
| 22 Nov 2022 | L3Harris US$2.25bn term loan for the Viasat tactical data links acquisition | Acquisition finance | US$2.25bn |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
More from Mercury Systems
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
M&A and investment involving Mercury Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 Dec 2020 | Mercury Systems acquisition of Physical Optics Corporation | M&A | US$310m |
| 23 May 2019 | Mercury Systems US$414m share offering | Equity raise | US$414m |
| 1 Feb 2018 | Mercury Systems acquisition of Themis Computer | M&A | US$180m |
| 27 Jan 2017 | Mercury Systems US$198m share offering | Equity raise | US$198m |
| 8 Apr 2016 | Mercury Systems US$87m share offering | Equity raise | US$86.6m |
Sources
- Mercury Systems Form 8-K sec.gov · 2 May 2016
About this record
Record DEF-2016-0002, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
