Alion Science and Technology has completed a refinancing that includes the closing of a $310 Million unit offering consisting of bonds and warrants and a $25 Million revolving line of credit.
“We have enjoyed substantial growth and success, and continuing on that path required more flexibility. Our prior debt obligations came with onerous terms, so finding more favorable financing options has been key to our long-term strategy, ” said Bahman Atefi, chairman and CEO. “The fact that our bond offering was oversubscribed gives us great confidence in our plans, and we appreciate that the financial community recognized the value Alion represents.”
