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January 7 Market Close: GovCon Index, US Stocks Fall 2% as China Fears Grow

The GovCon Index continued to mirror deep losses in U.S. and global financial markets Thursday with a decline of 2.293 percent to 74.525 as investor fears over China’s economy and falling oil prices grew. Science Applications International Corp. (NYSE: SAIC) and Booz Allen Hamilton (NYSE: BAH) were the Index’s only …

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Tom Ferrando: Bridge Growth Partners to Buy CRGT in Federal Market Expansion Push

New York City-based private equity firm Bridge Growth Partners has agreed to purchase majority ownership of federal software development and data analytics services contractor CRGT from an affiliate of Veritas Capital for an undisclosed sum. Bridge Growth said Wednesday that it expects to close the transaction by the end of the year …

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Corporate Office Properties Trust Declares Dividend, Prices $250M Note Offering

Corporate Office Properties Trust (NYSE:OFC) has declared a quarterly dividend of $0.275 per common share of beneficial interest for the third quarter of 2013. According to a company statement on September 12, the dividend is payable on October 15 to shareholders of record as of September 30, 2013. Series H, …

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NetApp Pricing 2017, 2022 Senior Notes at $1B

NetApp (NASDAQ: NTAP) has priced senior notes due 2017 and 2022 at $1 billion total for general corporate purposes, the company announced Wednesday. The company priced $750 million in aggregate principal amount of its 2 percent 2017 senior notes and $250 million of its 3.25 percent 2022 notes. Net proceeds …

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Lockheed Announces New $1.5B Credit Line

Lockheed Martin (NYSE: LMT) has entered into a new $1.5 billion unsecured revolving credit facility with banks led by JP Morgan Chase Bank N.A. Lockheed can seek additional loans equaling up to $2 billion over the course of the agreement, with no individual loan exceeding $500, 000. The agreement will valid through Aug. 25, 2016 …

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GTEC Completes Tender Offer

GTEC (Nasdaq: GTEC) issued a statement reporting the completion of the tender offer for its common stock by Ares Management LLC for $24.25 per share. According to the firm, “on March 3, 2011, GTEC announced that it had entered into a definitive merger agreement with Sentinel Acquisition Corporation, an affiliate …

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GTEC Locks Up Nine-Figure Revolving Credit Facility

GTEC (NASDAQ: GTEC) has released the following financial announcement: “[The firm has] entered into a $100 million revolving credit facility on Dec. 10, 2010 with a syndicate of banks led by SunTrust Bank and Wells Fargo. The facility matures on Dec. 10, 2013 and provides GTEC with the flexibility to …

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L-3 Prices Senior Note Offering

L-3 Communications (NYSE: LLL) “has priced an offering of $800 million of 4.75% Senior Notes due July 15, 2020. The notes are being offered in a registered offering pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”).” According to L-3, the firm “intends to …

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