21.08.2013 17:00:00
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Booz Allen Hamilton Inc. -- Moody's says Booz Allen's re-pricing of its term loan B is modestly credit positive; no impact to Ba3 CFR
New York, August 21, 2013 -- Moody's Investors Service said that Booz Allen Hamilton Holding Corporation's (parent of Booz Allen Hamilton Inc.) announcement that it has re-priced its existing $1.017 billion term B bank loan is modestly credit positive. The transaction reduces the interest margin on the company's Term B debt by 50 basis points to LIBOR plus 3.00% and lowers the LIBOR floor by 25 basis points to 0.75% from 1.00% with no change to maturity. Booz Allen's Ba3 Corporate Family Rating, Ba3 secured bank debt ratings and stable outlook are unaffected.