Computer Sciences gets $50 million incremental loan, ups revolver

By Angela McDaniels

Tacoma, Wash., Jan. 6 – Computer Sciences Corp. got a $50 million incremental term loan and increased its revolving credit facility to $3.02 billion from $2.98 billion on Dec. 30, according to an 8-K filing with the Securities and Exchange Commission.

Including the $40 million of incremental commitments, the revolver consists of a $2.45 billion tranche A facility, which is available to be drawn in U.S. dollars, euros and British pounds sterling, and a $570 million tranche B facility, which is available to be drawn in U.S. dollars, euros, pounds sterling, Japanese yen, Singapore dollars and Australian dollars.

Of the $3.02 billion of commitments, $2.88 billion will mature on Jan. 15, 2022, $70 million will mature on Jan. 15, 2021 and $70 million will mature on Jan. 15, 2020.

Bank of America, NA is the administrative agent for the term loan, and Citibank, NA is the administrative agent for the revolver.

Computer Sciences is a Falls Church, Va.-based provider of information technology and professional services.

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