Raytheon US$1.25bn five-year revolving credit facility (2015)
Replaced the US$1.4bn credit facility; general corporate purposes
Key terms
- Borrower or issuer
- Raytheon Company
- Date
- 13 Nov 2015
- Type
- Bank facility
- Amount
- US$1.25bn
- Maturity
- 2020-11-13
Recorded terms
- Structure
- Five-year competitive advance and revolving credit agreement, US$500m letter of credit sublimit, unsecured
- Lenders and arrangers
- JPMorgan Chase Bank, N.A. (administrative agent) and a syndicate of lenders
- Country
- United States
Parties
- Raytheon Company borrower or issuer
- Lenders: J.P. Morgan
Similar financings
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|---|---|---|---|
| 29 Sep 2015 | Orbital ATK US$1.8bn senior secured credit facilities | Bank facility | US$1.8bn |
| 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 Raytheon Company
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Sep 2019 | Raytheon US$1.25bn revolving credit facility | Bank facility | US$1.25bn |
M&A and investment involving Raytheon Company
| Date | Deal | Type | Value |
|---|---|---|---|
| 3 Apr 2020 | United Technologies and Raytheon merger (Raytheon Technologies) | M&A | Not disclosed |
Sources
- Raytheon Form 8-K (Five-Year Competitive Advance and Revolving Credit Agreement) sec.gov · 16 Nov 2015
About this record
Record DEF-2015-0016, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
