SatelliteFinance understands that United Launch Alliance is in the market for a US$400m three-year revolving credit facility.
The unsecured debt is being arranged by BNP Paribas, US Bank and Wells Fargo and is expected to be completed in September. The…
SatelliteFinance understands that United Launch Alliance is in the market for a US$400m three-year revolving credit facility.
The unsecured debt is being arranged by BNP Paribas, US Bank and Wells Fargo and is expected to be completed in September. The revolver will likely pay in the region of 200bp over Libor.
ULA recently successfully launched the US Air Force’s the Advanced Extremely High Frequency-1 (AEHF-1) satellite. The spacecraft is part of a constellation of four AEHF satellites, two of which are set to be launched over the next two years by ULA.
The launch marked the joint venture’s fifth launch of the year with its next mission scheduled for September 20.
All the activity has benefitted ULA’s owners Boeing Space Systems and Lockheed Martin Space Systems, which both saw their first quarter results bolstered by increased revenues from ULA.
