MCLEAN, Va.--(BUSINESS WIRE)--
Booz Allen Hamilton Holding Corporation (NYSE: BAH) today announced that
on August 16, 2013, its wholly owned subsidiary, Booz Allen Hamilton
Inc. successfully closed the first amendment to its credit agreement
dated as of July 31, 2012. With no increase in borrowing, the amendment
includes a reduction in the interest rate applicable to the Company's
$1.017 billion of Term Loan B loans, and amendments to other terms of
the agreement which provide for greater operational and financial
flexibility for the Company.
The new interest rate for the outstanding indebtedness under Term Loan B
is reduced to LIBOR + 3.0% with a 0.75% LIBOR floor from LIBOR + 3.5%
with a 1.0% LIBOR floor. The rates for Term Loan A loans outstanding
under the Company's credit agreement remain unchanged. Further
information can be found in the Company's Current Report on Form 8-K and
the exhibits thereto filed with the SEC on August 20, 2013.
About Booz Allen Hamilton
Booz Allen Hamilton is a leading provider of management consulting,
technology, and engineering services to the U.S. government in defense,
intelligence, and civil markets, and to major corporations,
institutions, and not-for-profit organizations. Booz Allen is
headquartered in McLean, Virginia, employs more than 23,000 people, and
had revenue of $5.76 billion for the 12 months ended March 31, 2013.
BAHPR-FI
Booz Allen Hamilton
James Fisher, 703-377-7595
fisher_james_w@bah.com
Source: Booz Allen Hamilton
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