CACI has replaced its previous senior secured credit facility with a new facility worth $750 million. Features of the new facility include a five-year secured credit agreement permitting revolver borrowings of up to $600 million and an accordion feature allowing expansion of the facility by another $200 million.
The new closing will increase CACI’s capital position flexibility to acquire and expand into new markets.
Paul Cofoni, CACI’s president and CEO, said, “This new credit facility is an important step in executing our strategy to grow our company. It provides us with additional flexibility to take advantage of opportunities to complement the organic growth of our business and help further shareholder returns. Along with our strong cash flow, the facility enhances our mergers and acquisition program, where we continue to pursue potential candidates in well-funded and high-priority areas, particularly those firms that can bring us new customers and add to our distinctive services.”