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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:30 EDTBAHBooz Allen amends credit agreement to extend maturity, allow added debt
Booz Allen Hamilton disclosed earlier in a regulatory filing that on May 7 the company and its subsidiaries entered into the second amendment to its credit agreement with Bank of America, primarily to extend the maturity of the tranche A term loans, extend the termination date of the revolving commitments and borrow additional tranche A term loans. The interest rate applicable to the tranche A term loans is unchanged. The company also amended its ability to incur additional debt under an incremental term loan credit facility by changing the consolidated net secured leverage under which such incremental term loans may be incurred to less than or equal to 3.5:1.
News For BAH From The Last 14 Days
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March 23, 2015
08:01 EDTBAHBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
March 19, 2015
08:48 EDTBAHBooz Allen the best way to play defense spending rebound, says RBC Capital
RBC Capital views Booz Allen as the best way to play the defense budget recovery, due to its industry-leading margins, focus on R&D and respectable 2% yield. However, the firm, noting that the company returns 134% of its free cash flow to shareholders, believes that its cash deployment strategy is its best attribute. RBC keeps a $34 price target and Outperform rating on the shares.

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