Reuters: Global Markets: Booz Allen says considering $1 billion special dividend, shares up

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Booz Allen says considering $1 billion special dividend, shares up Jul 11th 2012, 16:46 Wed Jul 11, 2012 12:46pm EDT (Reuters) - Government consultancy firm Booz Allen Hamilton Holding Corp (BAH.N) said it was exploring a proposal to refinance its debt that could result in a special dividend of about $1 billion to its shareholders. The company said it was evaluating possible refinancing of about $959 million of debt under new credit facilities of up to $1.75 billion. The proceeds from the refinancing, along with cash on hand, will be used to fund the special dividend, Booz Allen said in a SEC filing. Booz Allen shares jumped 15 percent to $16.86 on Wednesday on the New York Stock Exchange.

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