InfraDefenceThe capital behind defence.
InfraDefence register · 2015 to 2026

Defence bank facilities

Revolving credit and term facilities signed by defence companies, with the arrangers and agents named in the filings.

Randeep Bubbra | Lawyer | Making defence financeable

26Financings on file
US$34.7bnFunded volume (US$ eq.)
18Issuers and borrowers
US$3.2bnLargest financing
2015: US$0m152016: US$1.0bn1612017: US$0m172018: US$6.0bn1862019: US$3.9bn1942020: US$0m202021: US$11.0bn21112022: US$9.7bn22102023: US$0m232024: US$0m242025: US$1.3bn2512026: US$1.7bn262
Defence bank facilities: funded volume by year. US$bn equivalent at approximate annual average rates; contingent and unfunded programme commitments are excluded.

Largest financing

CACI International US$3.2bn credit facilities (2021), 13 Dec 2021.

Banks and lenders named

Bank of America (11), J.P. Morgan (8), Citigroup (6), Credit Agricole CIB (6), Wells Fargo (5), Mizuho (3), UniCredit (3), MUFG (3).

Counts are financings on file where the bank or lender is named. All lenders.

Financings

DateFinancingTypeAmount
8 Oct 2026Rheinmetall €1.5bn syndicated revolving credit facilityBank facility€1.5bn
18 Dec 2025EIB €100m intermediated loan to Piraeus Bank for security and defenceBank facility€100m
17 Jun 2025Saab SEK 6bn revolving credit facilityBank facilitySEK 6bn
11 Jun 2025EIB €500m intermediated loan to Deutsche Bank for security and defence SMEsBank facility€500m
12 Oct 2022BWX Technologies US$1.0bn secured credit facility (2022)Bank facilityUS$1bn
24 Aug 2022Lockheed Martin US$3.0bn revolving credit facility (2022)Bank facilityUS$3bn
29 Jul 2022L3Harris US$2bn five-year revolving credit facility (2022)Bank facilityUS$2bn
30 Jun 2022SAIC US$1.23bn term facility and US$1bn revolver (2022)Bank facilityUS$2.23bn
28 Feb 2022Mercury Systems US$1.1bn revolving credit facility (upsized)Bank facilityUS$1.1bn
18 Feb 2022Kratos US$400m secured credit facilityBank facilityUS$400m
20 Dec 2021Leonardo €600m ESG-linked term loanBank facility€600m
13 Dec 2021CACI International US$3.2bn credit facilities (2021)Bank facilityUS$3.2bn
7 Oct 2021Leonardo €2.4bn ESG-linked revolving credit facilityBank facility€2.4bn
24 Sep 2021Rheinmetall €500m syndicated revolving credit facilityBank facility€500m
24 Aug 2021Lockheed Martin US$3.0bn revolving credit facility (2021)Bank facilityUS$3bn
25 Jun 2021Parsons US$650m unsecured revolving credit facilityBank facilityUS$650m
20 Dec 2019Ducommun US$140m senior secured term loan ABank facilityUS$140m
30 Oct 2019Teledyne US$150m term loanBank facilityUS$150m
30 Sep 2019Raytheon US$1.25bn revolving credit facilityBank facilityUS$1.25bn
28 Jun 2019L3Harris US$2bn five-year revolving credit facilityBank facilityUS$2bn
17 Jan 2019CACI US$400m incremental revolving credit commitmentsBank facilityUS$400m
1 Oct 2018Mercury Systems US$750m revolving credit facility (upsized)Bank facilityUS$750m
24 Aug 2018Lockheed Martin US$2.5bn revolving credit facility (2018)Bank facilityUS$2.5bn
17 Aug 2018Northrop Grumman US$2bn revolving credit facility (2018)Bank facilityUS$2bn
24 May 2018BWX Technologies US$800m secured credit facility (2018)Bank facilityUS$800m
30 Sep 2016Textron US$1.0bn revolving credit facility (2016)Bank facilityUS$1bn

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.

Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

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