Hunter Defense postpones $250 million seven-year notes offering

By Paul A. Harris

St. Louis, Dec. 15 - Hunter Defense Technologies Inc. has postponed its $250 million offering of seven-year senior secured notes, according to market sources, who added that the deal had been struggling.

J.P. Morgan Securities LLC, Bank of America Merrill Lynch and RBS Securities Inc. were the joint bookrunners.

The notes were in the market via HDT Worldwide, LLC and HDT Finance.

The proceeds were to have been used to repay existing debt and to fund a dividend payment.

Hunter is a Solon, Ohio-based manufacturer of deployable, expeditionary systems and high-performance aerial delivery systems for the U.S. military, allied forces, Homeland Security and Emergency Management agencies.

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