KEYW Holding gets $120 million amended and restated credit facility

By Sara Rosenberg

New York, Nov. 27 - KEYW Holding Corp. closed on a $120 million five-year amended and restated credit facility that includes a $70 million term loan and a $50 million revolver, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The amendment and restatement increased the company's existing term loan and revolver by $10 million each.

Pricing on the facility is Libor plus 250 basis points. The spread can range from Libor plus 200 bps to 275 bps based on leverage.

The revolver has an initial unused fee of 40 bps. The fee can range from 25 bps to 50 bps, also based on leverage.

RBC Capital Markets and Citibank acted as the co-lead arrangers on the deal, which was completed on Nov. 20.

KEYW is a Hanover, Md.-based provider of agile cyber superiority, cybersecurity and geospatial intelligence solutions primarily for U.S. Government intelligence and defense customers.

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