Rheinmetall €500m syndicated revolving credit facility
Refinance the existing €500m revolving facility
Key terms
- Borrower or issuer
- Rheinmetall
- Date
- 24 Sep 2021
- Type
- Bank facility
- Amount
- €500m (US$592m)
- Maturity
- 2026 (plus two one-year extension options)
Recorded terms
- Structure
- Five-year syndicated revolving credit facility, significantly oversubscribed
- Lenders and arrangers
- Arrangers: Commerzbank, Crédit Agricole CIB, UniCredit
- Country
- Germany
Parties
- Rheinmetall borrower or issuer
- Lenders: Credit Agricole CIB, Commerzbank, UniCredit
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| 24 Aug 2021 | Lockheed Martin US$3.0bn revolving credit facility (2021) | Bank facility | US$3bn |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
| 25 Jun 2021 | Parsons US$650m unsecured revolving credit facility | Bank facility | US$650m |
More from Rheinmetall
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Oct 2026 | Rheinmetall €1.5bn syndicated revolving credit facility | Bank facility | €1.5bn |
| 28 May 2026 | Rheinmetall €500m senior bond due 2031 | Bond | €500m |
| 31 Jan 2023 | Rheinmetall €1bn convertible bonds (2028 and 2030 series) | Convertible | €1bn |
M&A and investment involving Rheinmetall
| Date | Deal | Type | Value |
|---|---|---|---|
| 1 Mar 2026 | Rheinmetall acquisition of NVL (Naval Vessels Lürssen) | M&A | Not disclosed |
| 29 Nov 2024 | Rheinmetall acquisition of Loc Performance Products | M&A | US$950m |
| 1 Aug 2023 | Rheinmetall acquisition of Expal Systems | M&A | €1.2bn |
Sources
- Rheinmetall press release rheinmetall.com · 24 Sep 2021
About this record
Record DEF-2021-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
