Rockwell Collins inks 364-day $200 million revolving credit agreement

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Rockwell Collins, Inc. entered into a $200 million 364-day senior unsecured revolving credit agreement on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings bear interest at Libor plus 71 basis points to 117 bps, depending on the company’s debt rating.

J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as joint lead arrangers and bookrunners.

JPMorgan Chase Bank, NA, acted as administrative agent; Citibank, NA as syndication agent; and Credit Agricole CIB, Mizuho Bank, Ltd., the Bank of New York Mellon, U.S. Bank NA and Wells Fargo Bank, NA , as co-documentation agents.

Proceeds will be used for general corporate purposes.

Rockwell is a communications and aviation electronics company based in Cedar Rapids, Iowa.

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