RTX US$10bn bridge loan facilities for the accelerated share repurchase
Fund the US$10bn accelerated share repurchase and related fees
Key terms
- Borrower or issuer
- RTX (Raytheon Technologies)
- Date
- 24 Oct 2023
- Type
- Bank facility
- Amount
- US$10bn
- Pricing
- Term SOFR + 100-137.5bp (base rate + 0-37.5bp), by rating
Recorded terms
- Structure
- Senior unsecured 364-day bridge loan facilities
- Lenders and arrangers
- Citibank, N.A., administrative agent; Citibank, N.A., Goldman Sachs Lending Partners LLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., joint lead arrangers and joint bookrunners; Goldman Sachs Lending Partners LLC, syndication agent; Bank of America, N.A., JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., documentation agents
- Country
- United States
Parties
- RTX (Raytheon Technologies) borrower or issuer
- Lenders: BofA Securities, Bank of America, Citigroup, J.P. Morgan, Morgan Stanley, Goldman Sachs
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
| 14 Jul 2023 | HEICO US$2.0bn revolving credit facility upsize (2023) | Bank facility | US$2bn |
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
| 10 Mar 2023 | Leidos US$2.0bn unsecured term loan and revolver (2023) | Bank facility | US$2bn |
More from RTX (Raytheon Technologies)
| Date | Financing | Type | Amount |
|---|---|---|---|
| 8 Nov 2023 | RTX (Raytheon Technologies) US$6,000m senior notes (5 tranches) | Bond | US$6bn |
| 27 Feb 2023 | RTX (Raytheon Technologies) US$3,000m senior notes (3 tranches) | Bond | US$3bn |
| 3 Nov 2021 | RTX (Raytheon Technologies) US$2,100m senior notes (2 tranches) | Bond | US$2.1bn |
| 6 Aug 2021 | RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches) | Bond | US$2bn |
| 18 May 2020 | RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches) | Bond | US$2bn |
| 15 Aug 2018 | RTX (Raytheon Technologies) US$11,000m senior notes (7 tranches) | Bond | US$11bn |
M&A and investment involving RTX (Raytheon Technologies)
| Date | Deal | Type | Value |
|---|---|---|---|
| 6 Oct 2025 | TransDigm acquisition of Simmonds Precision Products | M&A | US$765m |
Sources
- RTX Form 8-K: ASR agreements and bridge credit agreement sec.gov · 25 Oct 2023
About this record
Record DEF-2023-0025, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
