Booz Allen Hamilton Announces Pricing of Senior Notes Offering
August 01 2023 - 5:54PM
Business Wire
Booz Allen Hamilton Holding Corporation (NYSE: BAH)
(“Booz Allen”) announced that its
wholly-owned subsidiary, Booz Allen Hamilton Inc. (the
“Issuer”), has priced $650 million
aggregate principal amount of its 5.950% Senior Notes due 2033 (the
“Notes”). The offering is expected to
close on August 4, 2023, subject to certain closing conditions.
Booz Allen will fully and unconditionally guarantee the Notes on a
senior unsecured basis.
The Issuer intends to use a portion of the net proceeds from the
sale of the Notes to repay revolving borrowings outstanding under
its revolving credit facility, and the remainder of the net
proceeds for general corporate purposes.
BofA Securities, Inc. and J.P. Morgan Securities LLC are acting
as representatives of the underwriters and as joint book-running
managers for the offering along with Goldman Sachs & Co. LLC,
PNC Capital Markets LLC, SMBC Nikko Securities America, Inc.,
Truist Securities, Inc. and Wells Fargo Securities, LLC. Capital
One Securities, Inc., Fifth Third Securities, Inc., Huntington
Securities, Inc., ICBC Standard Bank Plc, M&T Securities, Inc.,
MUFG Securities Americas Inc., Siebert Williams Shank & Co.,
LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and
WauBank Securities LLC also acted as co-managers for the
offering.
This press release is for informational purposes only and is not
an offer to sell or purchase nor the solicitation of an offer to
sell or purchase securities and shall not constitute an offer,
solicitation or sale in any state or jurisdiction in which, or to
any person to whom such an offer, solicitation or sale would be
unlawful.
The Issuer has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the underwriters can arrange to send you the
prospectus if you request it from one of the representatives of the
underwriters by calling or e-mailing BofA Securities, Inc. at
1-800-294-1322 or dg.prospectus_requests@bofa.com or calling J.P.
Morgan Securities LLC collect at 1-212-834-4533.
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Examples of forward-looking statements include
information concerning Booz Allen’s financing plans, including
statements related to the Issuer’s offering of the Notes and
intended use of net proceeds of the offering. These forward-looking
statements relate to future events or Booz Allen’s future financial
performance and involve known and unknown risks, uncertainties that
may cause actual results, levels of activity, performance or
achievements to differ materially from any future results, levels
of activity, performance or achievements implied by these
forward-looking statements including, without limitation, risks
related to whether the Issuer will consummate the offering of the
Notes on the expected terms, or at all, market and other general
economic conditions and whether the Issuer and Booz Allen will be
able to satisfy the conditions required to close any sale of the
Notes. These and other risks concerning Booz Allen and its
businesses are described in additional detail in its Annual Report
on Form 10-K for the year ended March 31, 2023, its Quarterly
Report on Form 10-Q for the quarter ended June 30, 2023, and other
filings made by Booz Allen with the Securities and Exchange
Commission.
BAHPR-FI
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version on businesswire.com: https://www.businesswire.com/news/home/20230801000103/en/
Jessica Klenk, Media Relations Klenk_Jessica@bah.com
703-377-4296
Nathan P. Rutledge, Investor Relations Rutledge_Nathan@bah.com
202-440-3943
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