Booz Allen Plans $300M IPO To Ease Debt

Law360, New York (June 22, 2010, 4:00 PM EDT) -- Government contractor Booz Allen Hamilton Holding Corp. is planning an initial public offering of common stock that could raise up to $300 million from public investors, saying it would use the funds to manage its debt.

Booz Allen had more than $1.5 billion in long-term debt as of the end of March, the company said Monday in a filing with the U.S. Securities and Exchange Commission.

After a stretch in 2008 and 2009 in which the IPO market was all but dead in the water, Booz...
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