Northrop Grumman US$2bn revolving credit facility (2018)
General corporate purposes
Key terms
- Borrower or issuer
- Northrop Grumman
- Date
- 17 Aug 2018
- Type
- Bank facility
- Amount
- US$2bn
- Maturity
- 2023
Recorded terms
- Structure
- Five-year senior unsecured revolving credit facility replacing the US$1.6bn 2015 facility
- Lenders and arrangers
- JPMorgan Chase Bank, N.A. (administrative agent)
- Country
- United States
Parties
- Northrop Grumman borrower or issuer
- Agent: J.P. Morgan
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 24 May 2018 | BWX Technologies US$800m secured credit facility (2018) | Bank facility | US$800m |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
| 28 Jun 2019 | L3Harris US$2bn five-year revolving credit facility | Bank facility | US$2bn |
More from Northrop Grumman
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 May 2025 | Northrop Grumman US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 31 Jan 2024 | Northrop Grumman US$2,500m senior notes (3 tranches) | Bond | US$2.5bn |
| 7 Feb 2023 | Northrop Grumman US$2,000m senior notes (2 tranches) | Bond | US$2bn |
| 23 Mar 2020 | Northrop Grumman US$2,250m senior notes (3 tranches) | Bond | US$2.25bn |
| 12 Oct 2017 | Northrop Grumman US$8,250m senior notes (5 tranches) | Bond | US$8.25bn |
| 30 Nov 2016 | Northrop Grumman US$750m 3.200% senior notes due 2027 | Bond | US$750m |
M&A and investment involving Northrop Grumman
| Date | Deal | Type | Value |
|---|---|---|---|
| 1 Feb 2021 | Veritas Capital (Peraton) acquisition of Northrop Grumman IT and mission support services | M&A | US$3.4bn |
| 6 Jun 2018 | Northrop Grumman acquisition of Orbital ATK | M&A | US$9.2bn |
Sources
- Northrop Grumman Form 8-K sec.gov · 17 Aug 2018
About this record
Record DEF-2018-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
