Alion Science and Technology further extends credit facility maturity

By Marisa Wong

Madison, Wis., Aug. 19 – Alion Science and Technology Corp. entered into a second amendment to its second amended and restated credit agreement dated May 2, 2014 with Wells Fargo Bank NA as administrative agent to further extend the maturity date, according to an 8-K filing with the Securities and Exchange Commission.

The amendment extends the maturity date to the earliest of Aug. 20, 2014, the date on which Alion’s secured notes due November 2014 become due and payable in full whether by acceleration or otherwise and the date on which Alion’s unsecured notes due February 2015 become due and payable in full whether by acceleration or otherwise.

The latest extension was made on Aug. 15.

Previously, the company had extended the maturity date to the earliest of Aug. 15, 2014, the date on which Alion’s secured notes due November 2014 become due and payable in full whether by acceleration or otherwise and the date on which Alion’s unsecured notes due February 2015 become due and payable in full whether by acceleration or otherwise.

The previous amendment to the credit agreement was made on July 31.

Alion, a research and development company whose primary customer is the U.S. government, is based in McLean, Va.

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