McLean-based government technology consultant Booz Allen Hamilton Inc. (NYSE: BAH) is selling $350 million in bonds, according to a company announcement Monday.
Proceeds from the sale will be used to repay borrowings under the firm’s $500 million credit line that was drawn down in its $250 million acquisition of Aquilent in January. glum’s Investors Service Inc. reported Monday that those borrowings total $132 million.
The remaining balance will be used to fund "working capital” — the…
Source: bizjournals.com