Booz Allen Hamilton Raises $650M Via Debt Offering
Portfolio Pulse from Shivani Kumaresan
Booz Allen Hamilton Holding Corporation (BAH) has priced a $650 million debt offering through its subsidiary, Booz Allen Hamilton Inc. The 5.950% Senior Notes are due in 2033 and the offering is expected to close on August 4, 2023. The company plans to use the proceeds to repay outstanding revolving borrowings and for general corporate purposes.
August 04, 2023 | 10:48 am
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Booz Allen Hamilton's $650 million debt offering could help the company repay its outstanding revolving borrowings and fund general corporate activities. This could potentially improve the company's financial health.
The debt offering will provide Booz Allen Hamilton with additional capital, which it plans to use to repay outstanding borrowings. This could potentially reduce its debt burden and improve its financial health, which could be positive for its stock price.
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