Orbital ATK US$1.8bn senior secured credit facilities
Refinanced the existing US$2.11bn revolver and term loans
Key terms
- Borrower or issuer
- Orbital ATK
- Date
- 29 Sep 2015
- Type
- Bank facility
- Amount
- US$1.8bn
- Pricing
- LIBOR + 1.25% to 2.00%, leverage-based
- Maturity
- 2020
Recorded terms
- Structure
- Five-year US$800m term loan A and five-year US$1.0bn revolving credit facility
- Lenders and arrangers
- Wells Fargo Bank, National Association (administrative agent) and a syndicate of lenders
- Country
- United States
Parties
- Orbital ATK borrower or issuer
- Lenders: Wells Fargo
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 13 Nov 2015 | Raytheon US$1.25bn five-year revolving credit facility (2015) | Bank facility | US$1.25bn |
| 26 Jun 2015 | Ducommun US$475m senior secured credit facilities | Bank facility | US$475m |
| 31 May 2016 | FLIR Systems US$500m revolving credit facility | Bank facility | US$500m |
| 17 Jun 2016 | Aerojet Rocketdyne US$750m fourth amended and restated credit facility | Bank facility | US$750m |
| 12 Aug 2016 | Engility US$1.045bn senior secured credit facilities | Bank facility | US$1.04bn |
More from Orbital ATK
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Sep 2015 | Orbital ATK US$400m 5.50% senior notes due 2023 | Bond | US$400m |
M&A and investment involving Orbital ATK
| Date | Deal | Type | Value |
|---|---|---|---|
| 6 Jun 2018 | Northrop Grumman acquisition of Orbital ATK | M&A | US$9.2bn |
Sources
- Orbital ATK Form 8-K (refinancing and 5.50% notes) sec.gov · 29 Sep 2015
About this record
Record DEF-2015-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
