Mercury Systems expands revolver to $400 million, repays term loan

By Wendy Van Sickle

Columbus, Ohio, June 27 – Mercury Systems, Inc. amended its revolving credit facility, increasing its size to $400 million and extending its maturity to 2022, and used cash on hand to repay the outstanding principal under its term loan, according to a Tuesday news release.

At closing of the amendment, the revolver was undrawn aside from outstanding letters of credit.

“The upsized revolving credit facility provides us with increased borrowing capacity, on improved terms including a lower cost of capital,” Gerry Haines, chief financial officer of Mercury Systems, said in the release.

“It also provides us with much greater agility and flexibility, supporting our ongoing efforts to drive growth through a combination of organic investment and additional business acquisitions.”

Mercury is a Chelmsford, Mass.-based commercial provider of secure processing subsystems.

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