Debevoise & Plimpton LLP recently advised Booz Allen Hamilton Inc. (“Booz Allen”), a portfolio company of The Carlyle Group (“Carlyle”), in connection with the refinancing of approximately $1.017 billion in tranche B term loans under Booz Allen’s existing secured credit facilities and an amendment to those credit facilities. The amendment includes a reduction in the interest rate applicable to the refinanced term loans and provides for greater operational and financial flexibility under certain covenants.

Booz Allen is a leading provider of management and technology consulting services to the U.S. government in the defense, intelligence, and civil markets.

Carlyle, founded in 1987, is a global alternative asset manager with more than $180 billion in assets under management and 1,400 professionals operating in 34 countries around the globe. As of the end of last year, Carlyle had investments in over 200 portfolio companies that employed more than 650,000 people worldwide.

The Debevoise team was led by finance partner Jeffrey E. Ross and included tax partner Peter A. Furci and finance associates Scott B. Selinger and Michael Duignan.

Debevoise & Plimpton LLP is a leading international law firm, representing a wide range of clients in transactions and disputes around the world. Founded in 1931, the firm has offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.