Take out

Treasury - borrowing - bridge facilities - refinancing.

To repay a borrowing facility, especially a bridge facility.

$4.8bn 5-tranche M&A bridge takeout and debt refinancing

"Following a successful investor roadshow, BAE Systems plc launched a bond deal into the US market to take out a $4bn bridge facility for its acquisition of Ball Aerospace and to refinance an $800m October 2024 bond maturity.

BAE Systems priced a total of $4.8bn across multiple-year tranches in a transaction of critical strategic importance for the company."

ACT Deal of the Year 2024 - BAE Systems plc.

See also

• Acquisition
• Backstop facility
• Borrowing
• Bridge facility
• Bridge financing
• Bridge to bond
• Bridging loan
• Facility
• M&A
• Merger
• Refinancing
• Roadshow
• Tranche
• Treasury