Booz Allen Hamilton Unit to Offer Senior Notes

Booz Allen Hamilton Holding said pre-market Monday that its unit, Booz Allen Hamilton Inc., will sell $350 million of senior notes in a private offering. Each of the issuer’s existing and future restricted subsidiaries that guarantee the issuer’s obligations under its senior credit facility and certain other indebtedness will guarantee the notes on a senior unsecured basis.

There can be no assurance that the proposed offering of notes will be completed. The issuer seeks to use a portion of the net proceeds from the sale of the notes to repay its revolving credit facility. It also may use the remaining of the proceeds to repay a portion or all of the outstanding deferred payment obligation established in connection with the acquisition of Booz Allen by The Carlyle Group (CG) in 2008.

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