Booz Allen Hamilton closed the third amendment to its credit agreement dated July 31, 2012.
Bank of America served as administrative agent, collateral agent and issuing lender. Merrill Lynch, Pierce, Fenner & Smith, Fifth Third Bank, J.P.Morgan Securities and Sumitomo Mitsui served as joint lead arrangers and joint bookrunners. The Bank Of Tokyo-Mitsubishi UFJ, PNC Capital Markets, SunTrust Bank, TD Bank and Wells Fargo were co-documentation agents.
With no increase in net borrowing and a reduction in overall interest costs, the amendment extended the maturity of all of the outstanding $1,583 million of the company’s borrowings under the credit agreement. Under the credit agreement, as amended, the company’s revolving credit facility and term loan A matures on June 30, 2021 and term loan B matures on June 30, 2023.
In connection with the amendment, an additional $441 million of the company’s term loan A was borrowed with the proceeds used to reduce a portion of term loan B.
The credit agreement, as amended, consists of a $500 million revolving credit facility, $1,183 million term loan A and $400 million term loan B.
Following the amendment, the interest rate for the outstanding indebtedness of approximately $1,183 million under term loan A is LIBOR+2.00% (subject to adjustment based on the existing leveraged based pricing grid) and the interest rate for the outstanding indebtedness of $400 million under term loan B is LIBOR+2.75% with no LIBOR floor.