Booz Allen Hamilton Holding Corporation (NYSE:BAH) said its wholly-owned subsidiary, Booz Allen Hamilton Inc, has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2033.
The offering is expected to close on August 4, 2023, subject to certain closing conditions.
The company intends to use a portion of the net proceeds to repay revolving borrowings outstanding under its revolving credit facility and for general corporate purposes.
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Price Action: BAH shares closed higher by 1.86% at $123.33 on Tuesday.