Booz Allen Hamilton Amends Credit Agreement to Expand Revolving Facility to $1.5 Billion

Reuters03-03
Booz Allen Hamilton Amends Credit Agreement to Expand Revolving Facility to $1.5 Billion

Booz Allen Hamilton Holding Corp. and its subsidiary Booz Allen Hamilton Inc. entered into an eleventh amendment to their credit agreement with Bank of America, N.A., as administrative agent, and other lenders, refinancing and expanding the company’s credit facilities. The amendment replaces the prior $1.0 billion revolving commitments with a new $1.5 billion revolving credit facility maturing Feb. 27, 2031, and adds a new $750 million Tranche A-2 term loan maturing the same date, with proceeds used to repay $750 million of existing Tranche A term loans. The changes also increase certain debt and lien baskets and expand flexibility for dividends and share repurchases, subject to conditions.

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