Mercury Systems US$750m revolving credit facility (upsized)
Liquidity for acquisitions and general corporate purposes
Key terms
- Borrower or issuer
- Mercury Systems
- Date
- 1 Oct 2018
- Type
- Bank facility
- Amount
- US$750m
- Maturity
- 2023
Recorded terms
- Structure
- Amendment No. 3: revolver increased to US$750m, maturity extended and pricing reduced
- 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 |
|---|---|---|---|
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 17 Aug 2018 | Northrop Grumman US$2bn revolving credit facility (2018) | Bank facility | US$2bn |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
| 24 May 2018 | BWX Technologies US$800m secured credit facility (2018) | Bank facility | US$800m |
| 28 Jun 2019 | L3Harris US$2bn five-year revolving credit facility | Bank facility | US$2bn |
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 |
| 2 May 2016 | Mercury Systems US$300m credit facility for the Microsemi carve-out | Acquisition finance | US$300m |
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$86.6m |
Sources
- Mercury Systems Form 8-K sec.gov · 1 Oct 2018
About this record
Record DEF-2018-0012, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
