v3.25.2
Debt
 3 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt Debt
Debt consisted of the following at the periods presented below: 
June 30, 2025March 31, 2025
Interest
Rate		Outstanding
Balance		Interest
Rate		Outstanding
Balance
Term Loan5.677 %$1,506 5.675 %$1,526 
Senior Notes due 20283.875 %700 3.875 %700 
Senior Notes due 20294.000 %500 4.000 %500 
Senior Notes due 20335.950 %650 5.950 %650 
Senior Notes due 20355.950 %650 5.950 %650 
Less: Unamortized debt issuance costs and discount on debt(27)(28)
Total3,979 3,998 
Less: Current portion of long-term debt(83)(83)
Long-term debt, net of current portion$3,896 $3,915 
Booz Allen Hamilton Inc. (“Booz Allen Hamilton”), Booz Allen Hamilton Investor Corporation, and certain wholly owned subsidiaries of Booz Allen Hamilton are parties to a Credit Agreement dated as of July 31, 2012, as amended, which provided Booz Allen Hamilton with a $1,506 million Term Loan and a $1.0 billion revolving credit facility (the “Revolving Credit Facility”), with a sub-limit for letters of credit of $200 million as of June 30, 2025.
The senior notes due 2035, senior notes due 2033, senior notes due 2029 and senior notes due 2028 (together, the “Senior Notes”) were issued by Booz Allen Hamilton in four separate and distinct tranches, which all bear interest at specified rates and have individual and separate maturity dates. All Senior Notes’ indentures are guaranteed by Booz Allen Holding Corporation or certain of its subsidiaries and contain certain covenants, events of default and other customary provisions.
The Company occasionally borrows under the Revolving Credit Facility for our working capital needs. There were no borrowings during the three months ended June 30, 2025 and as of both June 30, 2025 and March 31, 2025, respectively, there was no outstanding balance on the Revolving Credit Facility.
As of June 30, 2025 and March 31, 2025, Booz Allen Hamilton was in compliance with all financial covenants associated with its debt. For further information on the Company’s debt, including material terms, conditions, restrictions and redemption options, see Note 10, “Debt,” of the Company’s consolidated financial statements included in the fiscal 2025 Annual Report on Form 10-K.