Mercury Systems to draw on revolver for Avalex purchase

By Sara Rosenberg

New York, Sept. 27 – Mercury Systems Inc. plans on using its existing revolving credit facility and cash on hand to fund its acquisition of Avalex Technologies Corp. for $155 million, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Closing is expected during Mercury’s fiscal 2022 second quarter ending Dec. 31, 2021, subject to customary conditions.

Mercury is an Andover, Mass.-based provider of secure mission-critical technologies for aerospace and defense. Avalex is a Gulf Breeze, Fla.-based provider of mission-critical avionics.

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