Booz Allen Hamilton US$2.29bn term loan A and revolver refinancing (2021)
Extend the tranche A term loan and revolver, adjust the pricing grid and double the revolving credit facility
Key terms
- Borrower or issuer
- Booz Allen Hamilton
- Date
- 24 Jun 2021
- Type
- Bank facility
- Amount
- US$2.29bn
- Pricing
- LIBOR + 1.125% to 2.00%
- Maturity
- Extended
Recorded terms
- Structure
- Eighth Amendment: US$1.29bn refinancing tranche A term loans and revolving commitments increased from US$500m to US$1.0bn (US$200m letter of credit sublimit)
- 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 |
|---|---|---|---|
| 25 Jun 2021 | Parsons US$650m unsecured revolving credit facility | Bank facility | US$650m |
| 24 Aug 2021 | Lockheed Martin US$3.0bn revolving credit facility (2021) | Bank facility | US$3bn |
| 24 Sep 2021 | Rheinmetall €500m syndicated revolving credit facility | Bank facility | €500m |
| 24 Sep 2021 | Saab SEK 6bn revolving credit facilities (2021) | Bank facility | SEK 6bn |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
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 |
| 7 Jun 2021 | Booz Allen Hamilton US$500m 4.000% senior notes due 2029 | Bond | US$500m |
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$725m |
Sources
- Booz Allen Hamilton Form 8-K: Eighth Amendment to the credit agreement sec.gov · 25 Jun 2021
About this record
Record DEF-2021-0016, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
