Booz Allen Hamilton US$1.98bn term loan A and revolver refinancing (2018)
Refinance and extend the tranche A term loan and revolver, and add a delayed draw facility for general corporate purposes
Key terms
- Borrower or issuer
- Booz Allen Hamilton
- Date
- 23 Jul 2018
- Type
- Bank facility
- Amount
- US$1.98bn
- Pricing
- LIBOR + leverage-based margin (tranche A margin reduced)
- Maturity
- 2023 (fifth anniversary)
Recorded terms
- Structure
- Sixth Amendment: US$1.479bn tranche A term loans (including a US$400m delayed draw facility) and US$500m of revolving commitments; tranche B term loans unchanged
- Lenders and arrangers
- Bank of America, N.A., administrative agent and collateral agent
- Country
- United States
Parties
- Booz Allen Hamilton borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Aug 2018 | Northrop Grumman US$2bn revolving credit facility (2018) | Bank facility | US$2bn |
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
| 24 May 2018 | BWX Technologies US$800m secured credit facility (2018) | Bank facility | US$800m |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 17 Oct 2018 | Curtiss-Wright US$500m revolving credit facility (2018) | Bank facility | US$500m |
More from Booz Allen Hamilton
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Jul 2026 | Booz Allen Hamilton US$1,200m senior notes (2 tranches) | Bond | US$1.2bn |
| 27 Feb 2026 | Booz Allen Hamilton US$2.25bn revolver and term loan A-2 (2026) | Bank facility | US$2.25bn |
| 13 Mar 2025 | Booz Allen Hamilton US$650m 5.950% senior notes due 2035 | Bond | US$650m |
| 3 Aug 2023 | Booz Allen Hamilton US$650m 5.950% senior notes due 2033 | Bond | US$650m |
| 7 Sep 2022 | Booz Allen Hamilton US$2.65bn term loan A and revolver refinancing (2022) | Bank facility | US$2.65bn |
| 24 Jun 2021 | Booz Allen Hamilton US$2.29bn term loan A and revolver refinancing (2021) | Bank facility | US$2.29bn |
M&A and investment involving Booz Allen Hamilton
| Date | Deal | Type | Value |
|---|---|---|---|
| 24 Aug 2026 | Booz Allen acquisition of Ultra I&C Mission Solutions | M&A | US$720m |
| 14 Jun 2021 | Booz Allen acquisition of Liberty IT Solutions | M&A | US$725m |
Sources
- Booz Allen Hamilton Form 8-K: Sixth Amendment to the credit agreement sec.gov · 24 Jul 2018
About this record
Record DEF-2018-0017, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
