Northrop Grumman has completed a US$2bn refinancing replacing its existing revolving credit facility with two new senior unsecured facilities. The new financing is split between a US$1.5bn five-year revolver and a US$500m 364-day credit facility….
Northrop Grumman has completed a US$2bn refinancing replacing its existing revolving credit facility with two new senior unsecured facilities.
The new financing is split between a US$1.5bn five-year revolver and a US$500m 364-day credit facility. JPMorgan Chase is the administrative agent, issuing bank and swingline lender for both facilities, with Citibank, RBS and Wells Fargo as syndication agents.
The revolvers will replace Northrop’s existing US$2bn five-year credit facility, which it secured back in August 2007.
