Textron US$1.0bn revolving credit facility (2016)
General corporate purposes
Key terms
- Borrower or issuer
- Textron
- Date
- 30 Sep 2016
- Type
- Bank facility
- Amount
- US$1bn
- Maturity
- 2021
Recorded terms
- Structure
- Five-year senior unsecured revolving credit facility replacing the facility due 2018
- Lenders and arrangers
- JPMorgan Chase Bank, N.A. (administrative agent); Citibank and Bank of America, N.A. (syndication agents); MUFG (documentation agent)
- Country
- United States
Parties
- Textron borrower or issuer
- Agent: J.P. Morgan, Citigroup, Bank of America, MUFG
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 May 2018 | BWX Technologies US$800m secured credit facility (2018) | Bank facility | US$800m |
| 17 Aug 2018 | Northrop Grumman US$2bn revolving credit facility (2018) | Bank facility | US$2bn |
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 17 Jan 2019 | CACI US$400m incremental revolving credit commitments | Bank facility | US$400m |
More from Textron
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Oct 2025 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 11 Feb 2025 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 8 Nov 2023 | Textron US$350m senior notes (1 tranche) | Bond | US$350m |
| 4 Aug 2020 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 11 Mar 2020 | Textron US$650m 3.0% notes due 2030 | Bond | US$650m |
| 1 May 2019 | Textron US$300m 3.900% notes due 2029 | Bond | US$300m |
Sources
- Textron Form 8-K sec.gov · 30 Sep 2016
About this record
Record DEF-2016-0005, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
