Booz Allen Hamilton Raises $650M Via Debt Offering

Booz Allen Hamilton Holding Corporation BAH said its wholly-owned subsidiary, Booz Allen Hamilton Inc, has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2033.

The offering is expected to close on August 4, 2023, subject to certain closing conditions.

The company intends to use a portion of the net proceeds to repay revolving borrowings outstanding under its revolving credit facility and for general corporate purposes.

Also Read: Booz Allen Hamilton: AI-Enabled Contracts Key To Medium-Term Success, Predicts Stifel Analyst

Price Action: BAH shares closed higher by 1.86% at $123.33 on Tuesday.