Booz Allen Refinances $1.24B Debt

Booz Allen Hamilton Holding has refinanced debt worth $1.24 billion. The parent company of U.S. consulting firm, Booz Allen Hamilton,completed the refinancing of $1.02 billion of outstanding debt under its senior secured credit facilities and $222.1 million of outstanding debt under its mezzanine credit facility.

The new loan consists of a $500 million five year-term loan and a $500 million credit facility with a maturity of six and a half years. Bank of America Merrill Lynch led the refinancing process and Credit Suisse was the administrative agent.

Click here for the release from Booz Allen.