secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001049521-22-000013
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems upsizes revolver to $1.1B, extends maturity to 2027
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- Revolving credit facility increased from $750M to $1.1B; maturity February 28, 2027.
- Maximum net leverage ratio raised to 4.50x (5.00x for four quarters following a material acquisition).
- Outstanding borrowings unchanged at $451.5M; initial interest rate SOFR plus 1.250%.
- Quarterly commitment fee on unused portion initially set at 0.20% per annum, subject to pricing grid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000013/0001049521-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952122000013/mrcy-20220228.htm
  HTML page:      https://secwatch.observer/filing/0001049521-22-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer