Kratos $145 million financing to include bonds, asset-based debt

By Sara Rosenberg

New York, May 18 - Kratos Defense & Security Solutions Inc.'s $145 million of debt financing will include bonds and asset-based debt, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Jefferies Group Inc. and Key Capital Corp. are leading the financing.

Proceeds will be used to help fund the acquisition of Integral Systems Inc. for $5.00 per share in cash and 0.588 shares of Kratos common stock.

Kratos is a San Diego-based specialized national security technology business. Integral Systems is a Columbia, Md.-based developer and provider of satellite system command and control software, signal monitoring, telemetry, interference identification and military range processing products.

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