Kratos Defense announces $200 million seven-year offering of notes

By Paul A. Harris

St. Louis, April 29 - Kratos Defense & Security Solutions, Inc. announced in a Thursday press release that it plans to offer $200 million of seven-year notes via Rule 144A and Regulation S.

Proceeds will be used to complete the pending acquisition of Gichner Holdings, Inc. for $133 million, as well as to refinance existing debt and for general corporate purposes.

Kratos is a San Diego-based national security, information technology, assurance and public safety solutions provider.

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