secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001049521-24-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems amends credit facility to $900M and reports Q4 FY2024 earnings with $31.2M adjusted EBITDA
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- Mercury Systems entered Amendment No. 6 to its credit agreement, permanently reducing commitments from $1.1B to $900M.
- The amendment temporarily caps revolving loans at $750M until consolidated EBITDA reaches $75M for trailing twelve months.
- Permitted receivables factoring increased from $60M to $100M under the amended credit agreement.
- Q4 FY2024 revenue was $248.6M, with GAAP net loss of $10.8M and adjusted EBITDA of $31.2M.
- Record backlog of $1.33B, up 16% year-over-year, with $284.4M in bookings and book-to-bill of 1.14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000027/0001049521-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952124000027/mrcy-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001049521-24-000027

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