Kratos Defense to sell $300 million eight-year senior secured notes

By Paul Deckelman

New York, Nov. 6 – Kratos Defense & Security Solutions, Inc. will sell $300 million of senior secured notes due 2025, the company announced Monday.

The notes will be sold under Rule 144A and Regulation S.

Kratos, a San Diego-based defense contractor specializing in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems plans to use the proceeds of the bond deal to retire all of its outstanding existing 7% senior secured notes due 2019 and to pay related fees and expenses.

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