Alion Completes Refinancing with Close of $310
Million Unit Offering
March 22, 2010 03:40 PM Eastern Daylight Time
MCLEAN, Va.--(EON: Enhanced Online News)--Alion Science and Technology, an employee-owned technology
solutions company, announced that it has completed a refinancing that includes the closing of a $310 Million unit
offering consisting of bonds and warrants and a $25 Million revolving line of credit.
The new financial structure provides greater liquidity and certainty to Alion’s capital structure, according to CEO and
Chairman Bahman Atefi. “We have enjoyed substantial growth and success, and continuing on that path required
more flexibility. Our prior debt obligations came with onerous terms, so finding more favorable financing options has
been key to our long-term strategy,” Dr. Atefi explained. “The fact that our bond offering was oversubscribed gives
us great confidence in our plans, and we appreciate that the financial community recognized the value Alion
Advisors to Alion in this transaction include Credit Suisse as banker and financial advisor and Baker & McKenzie
LLP and Holland & Knight LLP as legal advisors. The Alion Board of Directors engaged KippsDeSanto & Co. as
their independent financial advisor.
About Alion Science and Technology
Alion Science and Technology is an employee-owned technology solutions company delivering technical expertise
and operational support to the Department of Defense, civilian government agencies and commercial customers.
Building on 70 years of R&D and engineering expertise, Alion brings innovation and insight to multiple business
areas: naval architecture & marine engineering; defense operations; systems engineering; modeling & simulation;
information management & technology; chemical, biological, nuclear & environmental sciences; wireless spectrum
engineering; and industrial technology. Based in McLean, Virginia, Alion employee-owners are located at major
offices, customer sites and laboratories worldwide. For mo