Booz Allen Hamilton Prices $1.2 Billion Senior Notes to Fund Ultra Acquisition, Refinance Debt
BAH sits 23% above its 52-week low of $59.5.
Summary
Booz Allen Hamilton priced a $1.2 billion senior notes offering, consisting of $700 million at 5.375% due 2030 and $500 million at 5.900% due 2034. The proceeds will primarily finance a portion of the $720 million Ultra Mission Solutions acquisition and repay $714 million of existing term loan debt. This follows a Free Writing Prospectus filed yesterday that initially disclosed the pricing details. The offering significantly impacts the company's capital structure and is a key step in completing the Ultra acquisition, which is expected to close in Q2 FY27.
At the time of this announcement, BAH was trading at $73.25 on NYSE in the Technology sector, with a market capitalization of approximately $8.8B. The 52-week trading range was $59.50 to $114.48. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.