ATK Announces Plan to Host Prospective Lenders’ Meeting
Alliant Techsystems announced its intention to host a prospective lenders’ meeting on Oct. 8, 2013, to discuss a potential new senior secured bank financing consisting of a $600 million revolving credit facility, a $1.01 billion term loan “A” facility and a $250 million term loan “B” facility.
ATK anticipates that the proceeds of the new facilities would be used to finance ATK’s previously announced acquisition of Bushnell Group Holdings, refinance its existing senior term loan and revolving credit facilities, pay fees and expenses related to the foregoing, and for other general corporate purposes.
ATK is an aerospace, defense and commercial products company with operations in 21 states, Puerto Rico and internationally. ATK is headquartered in Arlington, Va.