Booz Allen draws down $400 million delayed-draw portion of term loan

By Wendy Van Sickle

Columbus, Ohio, April 24 – Booz Allen Hamilton Inc. drew down the $400 million delayed-draw portion of its term loan A on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings will bear interest at Libor plus a margin ranging from 125 basis points to 200 bps, depending on the company’s consolidated net total leverage ratio.

The facility is scheduled to mature on July 23, 2023.

Proceeds will be used for general corporate purposes and other permitted purposes.

The company did not incur any additional fees related to the borrowing of the loans.

Booz Allen 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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