KEYW Holding plans $225 million credit facility for Poole purchase

By Sara Rosenberg

New York, Sept. 12 - KEYW Holding Corp. has received a commitment for a $225 million senior secured credit facility to help fund its acquisition of Poole & Associates Inc. and refinance existing debt, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

RBC Capital Markets is the lead bank on the deal.

Under the agreement, KEYW is buying Poole for $116 million in cash and $10 million of stock.

Closing is expected in the next 60 days, subject to customary conditions.

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. Poole is an Annapolis Junction, Md.-based provider of systems and software engineering services to the U.S. intelligence community.

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