Booz Allen Hamilton Holding is planning to refinance its outstanding debt worth $1.24 billion. The U.S. consulting firm will refinance $1.02 billion of senior secured credit debt and $222.1 million of debt under its mezzanine credit facility.
The funds for refinancing the existing credit facilities will come from cash on hand and from new secured debt, to be raised under its senior secured credit facilities. The company is expecting to have less total debt outstanding at lower interest rates after the completion of proposed refinancing.
Click here for the release from PR Newswire.