Engility Holdings Refinancing

We represented Engility Holdings, Inc. (NYSE: EGL) (Engility) in its $1.3 billion debt refinancing, which included a 144A private offering of $300 million aggregate principal amount of 8.875% senior notes due 2024 and refinance of its prior credit facilities. Upon the closing of the debt refinancing, Engility lowered its weighted average cost of debt from approximately 8.9% to approximately 6.5%, saving approximately $23 million in annualized interest expense savings.

Engility Holdings, Inc. (NYSE: EGL) is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner.

You Also May Be Interested In: