Alliant Techsystems Inc., the world’s largest ammunition maker, obtained a $900 million financing commitment to support its acquisition of Bushnell Group Holdings Inc. from MidOcean Partners LP. Bank of America is providing the senior secured loans, the Arlington, Virginia-based company known as ATK said during a teleconference to discuss the acquisition today. The company may refinance existing borrowings, including extending maturities into the five- and seven-year range, Neal Cohen, chief financial officer, said on the call.

Private-equity firm MidOcean is selling Bushnell Group, which it obtained in 2007, to ATK, according to a statement today distributed by Business Wire. Under terms of the agreement, ATK will pay about $985 million in cash, CFO Cohen said during the call.

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