DigitalGlobe US$1,475m senior secured credit facilities (2016)
Fund the tender offer for the US$600m 5.25% senior notes due 2021, repay the 2013 credit facility, and for working capital and general corporate purposes
Key terms
- Borrower or issuer
- DigitalGlobe
- Date
- 22 Dec 2016
- Type
- Bank facility
- Amount
- US$1.48bn
- Maturity
- 2024-01-15
Recorded terms
- Structure
- US$1,275m senior secured term loan facility maturing January 2024 and US$200m senior secured revolving credit facility maturing January 2022; secured on substantially all assets
- Lenders and arrangers
- Barclays Bank PLC, administrative agent and collateral agent; Barclays Bank PLC, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Merrill Lynch, Pierce, Fenner & Smith (Bank of America), Morgan Stanley Senior Funding and The Bank of Tokyo-Mitsubishi UFJ, joint bookrunners and joint lead arrangers; Wells Fargo Securities, co-manager
- Country
- United States
Parties
- DigitalGlobe borrower or issuer
- Lenders: BofA Securities, J.P. Morgan, Morgan Stanley, Goldman Sachs, Wells Fargo, Barclays, MUFG
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Nov 2016 | Telesat US$2.63bn senior secured credit facilities (2016) | Bank facility | US$2.63bn |
| 18 Dec 2017 | ORBCOMM US$25m senior secured revolving credit facility | Bank facility | US$25m |
| 19 Dec 2018 | SES €400m multi-tranche Schuldschein loan | Bank facility | €400m |
| 26 Jun 2019 | SES €1.2bn syndicated revolving credit facility | Bank facility | €1.2bn |
| 4 Nov 2019 | Iridium US$1,450m credit facility | Bank facility | US$1.45bn |
M&A and investment involving DigitalGlobe
| Date | Deal | Type | Value |
|---|---|---|---|
| 5 Oct 2017 | MDA acquisition of DigitalGlobe | M&A | US$3.6bn |
Sources
- DigitalGlobe Form 8-K: credit agreement sec.gov · 23 Dec 2016
- DigitalGlobe credit and guaranty agreement (Exhibit 10.1) sec.gov · 23 Dec 2016
About this record
Record ORB-2016-0008, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
