Booz Allen Hamilton (NYSE: BAH) has announced plans to refinance more than $1 billion of outstanding debt under its senior secured credit facilities and $222.1 million of outstanding debt under its mezzanine credit facility.
According to the firm, “funds for refinancing the existing credit facilities will come from cash on hand as well as from new secured debt expected to be raised under its senior secured credit facilities. After completion of the proposed refinancing, Booz Allen Hamilton Holding Corporation expects to have less total debt outstanding at lower interest rates.”
