Mercury Systems, Inc. -- a commercial provider of secure sensor and mission processing subsystems -- announced that it has amended its existing revolving credit facility, increasing and extending the facility into a $400 million, 5-year revolver expiring in June 2022. Lenders are comprised of a syndicate of commercial banks, with Bank of America, N.A acting as the administrative agent.

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 acquisitions. We appreciate the strong financial support from our banking partners."