Slaughter and May advised Ultra Electronics Holdings - financing of its acquisition of the Electronic Products Division of Kratos Defense & Security Solutions

Slaughter and May advised Ultra Electronics Holdings plc (Ultra), an internationally successful defence, security, transport and energy company, in relation to the financing of its acquisition of the Electronic Products Division of Kratos Defense & Security Solutions for a cash consideration of up to US$265 million.

The acquisition of the Electronic Products Division will be financed using Ultra's existing facilities and a new four year term loan provided by four banks from Ultra's existing core banking group.