Booz Allen Commercial delivers advanced cyber defenses to the Fortune 500 and Global 2000. We are technical practitioners and cyber-focused management consultants with unparalleled experience – we know how cyber-attacks happen and how to defend against them.
Our strategy and technology consultants have empowered our international clients with the knowledge and experience they need to build their own local resources and capabilities.
In facing challenges of modernization, our Middle East and North Africa clients have complex requirements that benefit from our proven experience in guiding major programs and projects for governments and private-sector organizations. The services we offer in UAE, Qatar, Egypt, Turkey, Kuwait, Morocco, Jordan, and other regional countries build on our consulting legacy.
Our clients call upon us to work on their hardest problems—delivering effective health care, protecting warfighters and their families, keeping our national infrastructure secure, bringing into focus the traditional boundaries between consumer products and manufacturing as those boundaries blur.
Booz Allen was founded on the notion that we could help companies succeed by bringing them expert, candid advice and an outside perspective on their business. The analysis and perspective generated by that talent can be found in the case studies and thought leadership produced by our people.
Explore our featured teams and missions. Search openings and find out how you can support our meaningful missions.
Continue your mission with us. Get advice from our recruiting team, and browse our FAQs.
Seeking an internship or entry-level position? Learn about the impact you can make on our team.
Find out more about our application process, explore our benefits, and review our FAQs.
Learn more about Booz Allen's diverse culture and environment of inclusion that fosters respect and opportunity for all employees.
Our 26,300 engineers, scientists, software developers, technologists, and consultants live to solve problems that matter. We’re proud of the diversity throughout our organization, from our most junior ranks to our board of directors and leadership team.
Booz Allen takes pride in a culture that encourages and rewards the many dimensions of leadership—innovative thinking, active collaboration, and personal service. We’re particularly proud of the diversity of our Leadership Team and Board of Directors, among the most diverse in corporate America today.
May 14, 2014
McLean, VA — Booz Allen Hamilton Holding Corporation (NYSE: BAH) today announced that on May 7, 2014, its wholly owned subsidiary, Booz Allen Hamilton Inc. (the “Company”) successfully closed the second amendment to its credit agreement dated as of July 31, 2012 (as previously amended by the First Amendment to Credit Agreement, dated as of August 16, 2013). With no increase in net borrowing, the amendment extended the maturity of all of the outstanding $660 million of the Company’s Term Loan A (TLA) and the $500 million revolver to May 31, 2019.
Additionally, an additional $168 million of TLA was borrowed with those proceeds applied to prepay a portion of the Company’s Term Loan B (TLB) which is subject to a higher interest rate. The interest rate for the outstanding indebtedness of approximately $830 million under the TLA is unchanged and is LIBOR + 2.5% (subject to adjustment based on the existing leveraged based pricing grid). The interest rate for the outstanding indebtedness of approximately $841 million under the TLB is also unchanged and is LIBOR + 3.0% with a 0.75% LIBOR floor. The principal balances shown above are as of May 7, 2014.
The Company amended its ability to incur up to an additional $300 million of secured debt under incremental credit facilities (or otherwise) by increasing the Consolidated Net Secured Leverage ratio cap under which such incremental indebtedness may be incurred from 3.25:1.00 to 3.50:1.00. The Company also amended its financial maintenance covenants by increasing the maximum consolidated net total leverage ratio test to (i) 4.25:1.00 through December 31, 2014 (from 4.00:1.00) and (ii) 4.00:1.00 for the three-month period ending March 31, 2015 and thereafter (from 3.75:1.00). This increase in the maximum consolidated net total leverage ratio along with certain other covenants under the Existing Credit Agreement were amended to provide for greater operational and financial flexibility to the Company. Mandatory prepayments of the TLA and TLB are generally unchanged, except for certain modifications to the excess cash flow prepayment provisions.
Further information can be found in the Company's Current Report on Form 8-K and exhibits filed with the SEC on May 13, 2014.