Booz Allen Hamilton US$2.65bn term loan A and revolver refinancing (2022)
Refinance the tranche A term loan and revolver, and prepay the US$379m tranche B term loan in full
Key terms
- Borrower or issuer
- Booz Allen Hamilton
- Date
- 7 Sep 2022
- Type
- Bank facility
- Amount
- US$2.65bn
- Pricing
- Term SOFR + 1.00% to 2.00%
- Maturity
- 2027 (fifth anniversary)
Recorded terms
- Structure
- Ninth Amendment: US$1.65bn tranche A term loans (US$1.225bn refinancing plus US$425m supplemental) and a US$1.0bn revolver
- 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 |
|---|---|---|---|
| 24 Aug 2022 | Lockheed Martin US$3.0bn revolving credit facility (2022) | Bank facility | US$3bn |
| 12 Oct 2022 | BWX Technologies US$1.0bn secured credit facility (2022) | Bank facility | US$1bn |
| 29 Jul 2022 | L3Harris US$2bn five-year revolving credit facility (2022) | Bank facility | US$2bn |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 29 Nov 2022 | Leonardo DRS US$500m term loan A and revolving credit facility | 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 |
| 24 Jun 2021 | Booz Allen Hamilton US$2.29bn term loan A and revolver refinancing (2021) | Bank facility | US$2.29bn |
| 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$725m |
Sources
- Booz Allen Hamilton Form 8-K: Ninth Amendment to the credit agreement sec.gov · 7 Sep 2022
About this record
Record DEF-2022-0015, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
