$215 million, 6-year First Lien Term Loan $75 million, 7-year Second Lien Term Loan $50 million, 5-year Revolving Credit Facility
The credit agreements establish a
The loans under the credit agreements contain a maximum total net leverage covenant with step-downs as well as affirmative and negative covenants customary for transactions of this type, including limitations with respect to indebtedness, liens, investments, dividends, disposition of assets, change in business and transactions with affiliates.
The Company used a portion of the proceeds from the new credit facilities to pay off its existing Term Loan A. The balance of the proceeds from the new credit facilities will be used to repurchase all or a portion of its 2.50% Convertible Notes due
The Joint Lead Arrangers and Joint Bookrunners under the Senior Secured Credit Facilities are
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Source: KeyW Corp.