Booz Allen to repay revolver debt via senior note offering proceeds

By Tali Rackner

Minneapolis, April 17 – Booz Allen Hamilton Holding Corp. plans to repay its revolving credit facility using a portion of the net proceeds from its private offering of $350 million senior notes, according to a press release.

The notes will be issued through wholly owned subsidiary Booz Allen Hamilton Inc.

Any remaining net proceeds will be used for working capital and other general corporate purposes, including the repayment of a portion or all of the outstanding deferred payment obligation established in connection with the acquisition of Booz Allen by the Carlyle Group in 2008, the release said.

Booz Allen Hamilton is a McLean, Va.-based provider of management and technology consulting services to the U.S. government in the defense, intelligence and civil markets.

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