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Royal Bank of Canada Agents KEYW Corp.’s $42.5MM Facility

July 22, 2014, 07:39 AM
Filed Under: Technology

The KEYW Holding Corporation announced the closing of its previously announced offering of convertible senior notes due July 15, 2019 ("notes"). The company issued $130.0 million aggregate principal amount of notes.

Concurrently with the issuance of the notes, the company's wholly-owned subsidiary, The KEYW Corporation closed a new senior secured revolving credit agreement with Royal Bank of Canada, Bank of America, SunTrust Bank (or one of their respective affiliates) and other lenders, with RBC Capital Markets, LLC as lead arranger and sole bookrunner, for which Royal Bank of Canada will serve as sole administrative agent and sole collateral agent. The KEYW Corporation will receive a revolving credit commitment of up to $42.5 million that includes a swingline loan commitment of up to $10.0 million and a letter of credit facility of up to $15.0 million. This credit facility replaces The KEYW Corporation's current credit facility with Royal Bank of Canada.

KEYW provides agile cyber superiority, cybersecurity, and geospatial intelligence solutions for U.S. Government intelligence and defense customers and commercial enterprises.

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