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Stock impact report

Mercury Systems Expands Revolving Credit Facility, Retires Term Loan A

Mercury Systems Inc (MRCY) 
Last mercury systems inc earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mrcy.com/overview-0
Company Research Source: GlobeNewswire
ANDOVER, Mass., June 27, 2017 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) announced that it has amended its existing revolving credit facility (“Revolving Credit Facility”), increasing and extending the facility into a $400 million, 5-year revolver expiring in June 2022. In connection with the amendment, Mercury also repaid the remaining principal on its existing term loan using cash on hand. The Revolving Credit Facility remained undrawn at the closing of the refinancing, other than for outstanding letters of credit. “We are very pleased with the success of this transaction,” said Gerry Haines, Chief Financial Officer of Mercury Systems. “The upsized Revolving Credit Facility provides us with increased borrowing capacity, on improved terms including a lower cost of capital. It also provides us with much greater agility and flexibility, supporting our ongoing efforts to drive growth through a combination of organic investment and additional business acqui Show less Read more
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