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Booz Allen announces $350 million senior notes offering
By Paul A. Harris
Portland, Ore., April 17 – Booz Allen Hamilton Holding Corp. announced in a Monday press release that it has commenced a $350 million offering of senior notes via Rule 144A and Regulation S.
The issuing entity will be wholly owned subsidiary Booz Allen Hamilton Inc.
The McLean, Va.-based company plans to use the proceeds to repay its revolving credit facility, with any remaining proceeds to be used for working capital and other general corporate purposes, including the repayment of all or a portion of the outstanding deferred payment obligation established in connection with the acquisition of Booz Allen by the Carlyle Group in 2008.
The prospective issuer provides management and technology consulting services and engineering services to governments, corporations and not-for-profit organizations.
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