OHB €300m syndicated credit facility (2020)
Support growth and strategic direction; refinance the existing facility
Key terms
- Borrower or issuer
- OHB
- Date
- 3 Jun 2020
- Type
- Bank facility
- Amount
- €300m (US$343m)
- Maturity
- 2025-06-03
Recorded terms
- Structure
- Syndicated credit facility, five years with two one-year extension options; replaced the €225m facility early
- Lenders and arrangers
- Bayerische Landesbank, Commerzbank, Deutsche Bank, Landesbank Baden-Württemberg, UniCredit Bank and Landesbank Hessen-Thüringen
- Country
- Germany
Parties
- OHB borrower or issuer
- Lenders: Deutsche Bank, Commerzbank, UniCredit, LBBW, Helaba, BayernLB
Similar financings
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|---|---|---|---|
| 7 Oct 2020 | CesiumAstro debt raise of US$15m | Bank facility | US$15m |
| 2 Dec 2020 | ORBCOMM US$250m credit facilities refinancing the 2024 notes | Bank facility | US$250m |
| 9 Dec 2020 | ABL Space Systems debt raise of US$20m | Bank facility | US$20m |
| 26 Nov 2019 | Globalstar US$199m second lien term loan | Bank facility | US$199m |
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More from OHB
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Jul 2025 | OHB €350m syndicated credit facility (2025) | Bank facility | €350m |
Sources
- OHB SE corporate news (DGAP): new credit facility cdn.financialreports.eu · 3 Jun 2020
About this record
Record ORB-2020-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
