Kratos to redeem all $300M 6.5% Senior Secured Notes; expects $10-13M annual interest savings

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

$300M in 6.5% notes due 2025 to be redeemed on March 14, 2022 at 103.25% of par plus accrued interest.
Redemption contingent on completing refinancing of revolving credit facility to replace notes.
CFO expects annual cash interest savings of $10-13M based on current rates.
Company expects to maintain significant cash on balance sheet for growth opportunities.

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