CSRA launches $466 million term loan B repricing, maturity extension

By Sara Rosenberg

New York, Oct. 27 – CSRA Inc. launched on Thursday a repricing of its $466 million term loan B and an extension of the maturity by one year, according to a market source.

The repriced term loan B is talked at Libor plus 250 basis points with a 0.75% Libor floor and a par issue price, the source said.

RBC Capital Markets LLC, MUFG, Bank of America Merrill Lynch and Scotiabank are the joint lead arrangers on the deal.

The repricing will take the term loan B down from Libor plus 300 bps with a 0.75% Libor floor.

Consents are due by 5 p.m. ET on Nov. 3, the source added.

CSRA, formed through the combination of the North American Public Sector business of CSC and SRA International in 2015, is a Falls Church, Va.-based provider of IT solutions and professional services to U.S. federal and local government agencies.

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