Moody's rates Booz Allen loan Baa3, notes Ba2

Moody's Investors Service said it assigned Baa3 ratings to amended tranches of Booz Allen Hamilton Inc.'s senior secured credit facility and a Ba2 rating to the proposed offering of $500 million of senior notes due 2029.

All other ratings for the company, including the Ba1 corporate family rating and Ba1-PD probability of default rating, are unaffected. The speculative grade liquidity rating of SGL-1 and the positive outlook are also unchanged.

Through the credit facility amendment, Booz Allen will extend the maturity of its $1.29 billion term loan A to July 2026 from July 2023. The revolving credit line expiration date will similarly move to July 2026 and the commitment size will be enlarged to $1 billion from $500 million. The existing November 2026 maturity of the facility's $384 million term loan B will not change.

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