Booz Allen Hamilton to offer $500 million of senior notes

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Booz Allen Hamilton Holding Corp. said Wednesday it is planning to offer $500 million of senior notes in a private offering. The IT consulting firm did not say when the notes will mature. Proceeds of the deal will b e used to redeem all of the 5.125% senior notes that mature in 2025. Companies have been issuing record levels of debt during the coronavirus pandemic. Shares were not active premarket, but have gained 21% in the year to date, while the S&P 500 has gained 3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.