Orbital Sciences repays $300 million revolver, $150 million term loan

By Marisa Wong

Madison, Wis., Feb. 10 – Orbital Sciences Corp. repaid all amounts outstanding under its existing credit agreement dated June 7, 2011 with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The paydown was made in connection with Orbital’s merger with Alliant Techsystems Inc., completed on Feb. 9.

The repaid credit facility consisted of a $300 million senior secured revolver and a $150 million senior secured term loan.

The credit agreement was terminated upon repayment.

Orbital Sciences is a Dulles, Va.-based developer and manufacturer of small and medium-class rockets and space systems for commercial, military, and civil government customers.

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