Teledyne US$1.2bn revolving credit facility (2024)
Amend and restate the March 2021 credit agreement
Key terms
- Borrower or issuer
- Teledyne Technologies
- Date
- 10 Jun 2024
- Type
- Bank facility
- Amount
- US$1.2bn
- Pricing
- Term SOFR + margin (ratings grid)
- Maturity
- 2029
Recorded terms
- Structure
- Second amended and restated multicurrency revolving credit agreement maturing 10 June 2029, with a US$500m letter of credit sublimit
- Lenders and arrangers
- Bank of America, N.A., administrative agent, swing line lender and L/C issuer
- Country
- United States
Parties
- Teledyne Technologies borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
| 17 Sep 2024 | Huntington Ingalls Industries US$1.7bn revolving credit facility (2024) | Bank facility | US$1.7bn |
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 4 Oct 2024 | AeroVironment US$200m revolving credit facility (2024) | Bank facility | US$200m |
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
More from Teledyne Technologies
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Mar 2021 | Teledyne US$3,000m notes (5 tranches) to fund the FLIR acquisition | Acquisition finance | US$3bn |
| 4 Mar 2021 | Teledyne US$2.15bn term loan and revolver for the FLIR acquisition | Acquisition finance | US$2.15bn |
| 30 Oct 2019 | Teledyne US$150m term loan | Bank facility | US$150m |
| 18 Apr 2017 | Teledyne €250m senior notes private placement (2017) | Bond | €250m |
| 17 Mar 2017 | Teledyne US$100m term loan for the e2v acquisition | Acquisition finance | US$100m |
M&A and investment involving Teledyne Technologies
| Date | Deal | Type | Value |
|---|---|---|---|
| 3 Feb 2025 | Teledyne acquisition of Excelitas aerospace and defence electronics businesses | M&A | US$710m |
| 14 May 2021 | Teledyne acquisition of FLIR Systems | M&A | US$8.2bn |
| 28 Mar 2017 | Teledyne acquisition of e2v | M&A | US$789m |
Sources
- Teledyne Form 8-K: second amended and restated credit agreement sec.gov · 12 Jun 2024
About this record
Record DEF-2024-0025, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
