QinetiQ £275m revolving credit facility (2018)
Refinance the existing revolving credit facilities and support the growth plan
Key terms
- Borrower or issuer
- QinetiQ
- Date
- Sep 2018
- Type
- Bank facility
- Amount
- £275m (US$367m)
- Maturity
- 2025-09-27
Recorded terms
- Structure
- New £275m RCF with an accordion to £400m; five-year initial term with two one-year extension options to 27 September 2025
- Country
- United Kingdom
Parties
- QinetiQ borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 18 Sep 2026 | EIB €250m covered bond and guarantee with National Bank of Greece for security and defence | Bank facility | €250m |
| 24 Aug 2026 | Lockheed Martin US$2.25bn 364-day revolving credit facility (2026) | Bank facility | US$2.25bn |
| 28 Jul 2026 | RENK €1.05bn unsecured syndicated financing (2026) | Bank facility | €1.05bn |
| 20 Jul 2026 | EIB €50m intermediated loan to CrediaBank for security and defence | Bank facility | €50m |
More from QinetiQ
| Date | Financing | Type | Amount |
|---|---|---|---|
| 5 Aug 2022 | QinetiQ £350m debt facilities for the Avantus acquisition | Acquisition finance | £350m |
Sources
- QinetiQ preliminary results 2019 (RNS) investegate.co.uk · 23 May 2019
- QinetiQ interim results 2023 (RNS) investegate.co.uk · 16 Nov 2023
About this record
Record DEF-2018-0024, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
