NEW YORK, PHILADELPHIA, December 15, 2022: Morgan Lewis represented Axon as borrower in a $200 million revolving credit facility, including a $30 million letter of credit facility and an accordion option to increase the facility to up to $300 million. The proceeds of the loan facility will be used for general corporate purposes, including acquisitions.
Axon is a Nasdaq-listed company with a network of devices, apps, and people that aims to help public safety personnel become smarter and safer.
Morgan Lewis partner Andrew Budreika and associate Benjamin Stango advised Axon, along with partners Aaron Suh and Michael Pedrick, and associates Maddy Anand and Lucas Salada.