SI International gets $200 million amended and restated credit facility

By Sara Rosenberg

New York, Feb. 19 - SI International Inc. closed on a $200 million amended and restated credit facility, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

Wachovia and Bank of America acted as the co-lead arrangers on the deal that was completed on Feb. 13, with Wachovia the bookrunner and administrative agent. Bank of America is syndication agent and SunTrust is documentation agent.

The facility consists of a $140 million five-year revolver and a $60 million five-year term loan.

Pricing on the tranches can range from Libor plus 87.5 basis points to 150 bps, depending on leverage.

Proceeds can be used to finance permitted acquisitions, refinance certain existing debt and provide for working capital, capital expenditures and other general corporate purposes.

SI is a Reston, Va.-based provider of information services, technology and network services primarily to the federal government.

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