Kratos Defense & Security Solutions Prices $300 Million Bond Offering

November 09, 2017

San Diego – Paul Hastings LLP, a leading global law firm, announced that the firm advised Kratos Defense & Security Solutions, Inc. in the Company’s private offering of $300 million aggregate principal amount of Senior Secured Notes due 2025 (the “Notes”) that is exempt from registration under the Securities Act of 1933, as amended. The Notes will be the senior secured obligations of Kratos and will be guaranteed on a senior secured basis by each of Kratos’ existing and future domestic restricted subsidiaries.

Kratos develops transformative, affordable technology for the Department of Defense and commercial customers.

The Company intends to use the gross proceeds of approximately $295 million from the offering, plus cash on hand, to redeem any and all of its outstanding 7.00% Senior Secured Notes due 2019.

Corporate partner Teri O’Brien led the Paul Hastings team, which included senior associate Melissa Garcia and associates Spencer Young, Taylor Denson, and Tyler Dodge.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.