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News Breaks | | | | December 13, 2012 | | 09:03 EDT |  | ORB | Orbital Sciences increases credit facility to $450M
Orbital Sciences announced that it completed an amendment to its existing $300M credit facility providing for a new five-year $150M senior secured term loan along with an extension of the maturity of the existing senior secured revolving credit facility. Following the amendment and extension, the credit facility borrowing capacity has been increased to $450 million in the aggregate, consisting of the $150M term loan and $300M of revolving loan capacity that will both mature in December 2017. All other existing material terms and conditions of the credit facility remain substantially the same. | |
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