Alliant Techsystems seeks to replace existing loans with $600M revolver, $400M term loan

Alliant Techsystems seeks to refinance loans

MINNEAPOLIS — Military contractor Alliant Techsystems Inc. said Wednesday it is talking to a group of lenders about refinancing its existing senior credit facilities.

The current credit facilities consist of a $500 million revolving loan and a $257.8 million term loan.

Alliant Techsystems said it hopes to replace the existing loans with a new, five-year, $600 million revolving loan and $400 million term loan.

Shares of the aerospace and defense contractor gained $2.55, or 3.6 percent, to $72.71 in early afternoon trading.