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Published on 8/19/2020 in the Prospect News Bank Loan Daily.

KBR may use existing credit facility or new debt for Centauri buy

By Sara Rosenberg

New York, Aug. 19 – KBR Inc. may use borrowings under its existing senior credit facility or new debt financing to help fund its acquisition of Centauri LLC from Arlington Capital Partners, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Other funds for the $827 million acquisition will come from available cash on hand.

KBR is a Houston-based provider of comprehensive solutions for aerospace and defense, energy and chemicals, intel and data science, and federal and civilian markets. Centauri is a Chantilly, Va.-based provider of space, directed energy, and other advanced technology solutions to the United States Intelligence Community and Department of Defense.


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