---
schema_version: "secwatch.filing_event.v1"
accession: "0001069258-22-000015"
form_type: "8-K"
ticker: "KTOS"
cik: "0001069258"
company_name: "KRATOS DEFENSE & SECURITY SOLUTIONS, INC."
filed_at: "2022-02-22T23:59:59+00:00"
generated_at: "2026-06-27T05:52:12.291646+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kratos refinances $300M 6.5% senior notes with new $400M bank credit facility

## Summary
- New 5-year facility: $200M revolver (drawn $100M) and $200M term loan A (drawn $200M).
- Proceeds used to redeem $300M 6.5% Senior Secured Notes at 103.25% of par plus accrued interest.
- Expected annual cash interest savings of $10M to $13M; one-time Q1 charges of $13M to $15M.
- Redemption expected to close March 14, 2022; $100M remaining revolver capacity.

## SEC filing metadata
- accession: 0001069258-22-000015
- form_type: 8-K
- ticker: KTOS
- cik: 0001069258
- company_name: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- filed_at: 2022-02-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069258/000106925822000015/0001069258-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069258/000106925822000015/ktos-20220218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069258-22-000015
- JSON: https://secwatch.observer/filing/0001069258-22-000015.json
- Plain text: https://secwatch.observer/filing/0001069258-22-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.