Defence acquisition finance
8 defence financings of this type since 2015. Debt raised to fund an acquisition.
Randeep Bubbra | Lawyer | Making defence financeable
8Financings on file
US$14.6bnFunded volume (US$ eq.)
8Issuers and borrowers
US$4.0bnLargest financing
Largest financing
TransDigm US$4.0bn 6.25% senior secured notes due 2026 for the Esterline acquisition, 13 Feb 2019.
Banks and lenders named
J.P. Morgan (2), Citigroup (1), Bank of America (1).
Counts are financings on file where the bank or lender is named. All lenders.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Sep 2024 | Amentum US$1,000m 7.250% senior notes due 2032 | Acquisition finance | US$1bn |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
| 22 Nov 2022 | L3Harris US$2.25bn term loan for the Viasat tactical data links acquisition | Acquisition finance | US$2.25bn |
| 22 Mar 2021 | Teledyne US$3,000m notes (5 tranches) to fund the FLIR acquisition | Acquisition finance | US$3bn |
| 13 Feb 2019 | TransDigm US$4.0bn 6.25% senior secured notes due 2026 for the Esterline acquisition | Acquisition finance | US$4bn |
| 31 Oct 2018 | SAIC US$2.1bn term loans for the Engility merger | Acquisition finance | US$2.12bn |
| Apr 2018 | Thales €1bn bond financing the Gemalto acquisition | Acquisition finance | €1bn |
| 2 May 2016 | Mercury Systems US$300m credit facility for the Microsemi carve-out | Acquisition finance | US$300m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.