August 17, 2017 7:53 AM ET

IT Services

Company Overview of Engility LLC

Company Overview

Engility LLC provides technical consulting, program and business support, engineering and technology lifecycle support, information technology, cyber security, data analytics, modernization and sustainment, supply chain and logistics management, training, and education services for the United States government. The company offers acquisition and management support, business transformation, strategic planning, software engineering and sustainment, test and evaluation, cloud and mobile computing, and supply chain and logistics management services. It caters to defense, intelligence, space, and federal civilian agencies. The company was founded in 1981 and is based in Chantilly, Virginia. Engil...

4803 Stonecroft Boulevard

Chantilly, VA 20151

United States

Founded in 1981

12,000 Employees

Phone:

703-633-8300

Fax:

703-449-3400

Key Executives for Engility LLC

Engility LLC does not have any Key Executives recorded.

Engility LLC Key Developments

TITAN GROUP Presents at Societe Generale 15th Annual Premium Review Conference, Dec-01-2016

TITAN GROUP Presents at Societe Generale 15th Annual Premium Review Conference, Dec-01-2016 . Venue: Hotel Westin Paris - Vendome, Paris, France. Speakers: Michael Colakides, Group Chief Financial Officer.

Engility LLC Wins $1.88 Million Federal Contract

Engility LLC won a $1,879,185 federal contract from the U.S. Naval Sea Systems Command for information technology and telecommunications services.

Engility Corporation Amends its Credit Agreements

On August 12, 2016, Engility Holdings Inc. and Engility Corporation entered into a credit agreement with the lenders and issuing banks from time to time party thereto and Morgan Stanley Senior Funding Inc. The New Credit Facility provides for aggregate commitments of $1.045 billion, consisting of (a) a $200 million senior secured term B1 loan facility (“Term B1 Loan”), (b) a $680 million senior secured term B2 loan facility (“Term B2 Loan”; the Term B1 Loan and the Term B2 Loan collectively are referred to as the “Term Loan”), and (c) a $165 million senior secured revolving credit facility (“Revolver”). The Revolver includes subfacilities for the issuance of letters of credit in an aggregate face amount of up to $35.0 million and a swingline commitment for swingline borrowings of up to $35.0 million at any time outstanding. The Term B1 Loan and the Term B2 Loan were fully drawn on August 12, 2016. The New Credit Facility provides that the Borrower has the right to seek commitments to provide additional term loan facilities or additional revolving credit commitments in an aggregate principal amount up to the sum of (x) $150.0 million plus (y) an additional amount so long as, after giving pro forma effect to the incurrence of such additional borrowings, the Borrower’s first lien secured leverage ratio would be equal to or less than 4.00:1.00, subject to certain conditions and receipt of commitments by existing or additional lenders. The lenders under the New Credit Facility are not under any obligation to provide any such additional term loan facilities or revolving credit commitments. The proceeds of the Term Loans, together with proceeds from the offering of the Notes (as defined below), were or will be used by the Borrower to (i) prepay all existing indebtedness outstanding under the first lien credit agreement dated May 23, 2014, as amended, and the second lien credit agreement dated May 23, 2014, as amended, each among the Borrower, the lenders and issuing banks from time to time party thereto, and Barclays Bank PLC as administrative agent and collateral agent (the “Existing Credit Facilities”), (ii) to pay transaction costs associated with the foregoing and (iii) for general corporate purposes. The proceeds of future borrowings under the Revolver may be used for general corporate purposes. Borrowings under the New Credit Facility will bear interest at a rate per annum equal to, at the Borrower’s option, either (a) a base rate determined by reference to the higher of (1) the interest rate announced from time to time by Morgan Stanley as its prime rate, (2) the federal funds effective rate plus 1/2 of 1% and (3) a LIBO rate determined by reference to the costs of funds for U.S. dollar deposits for a one-month interest period plus 1%, subject to statutory reserves and (x) in the case of the Term B2 Loan, a floor of 1% and (y) in the case of the Term B1 Loan and Revolver, a floor of 0%, or (b) a LIBO rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing, subject to statutory reserves and (x) in the case of the Term B2 Loan, a floor of 1% and (y) in the case of the Term B1 Loan and Revolver, a floor of 0%, and in the case of either (a) or (b), plus an applicable margin. In addition to paying interest on outstanding principal under the Revolver, the Borrower will be required to pay a commitment fee of 0.50% in respect of the unutilized commitments thereunder, payable quarterly in arrears. The Term B1 Loan will mature on August 12, 2020 and will require scheduled quarterly payments in an amount equal to 2.50% of the original principal amount thereof, commencing with the end of the first full fiscal quarter ending after the borrowing of the Term B1 Loan, with the balance paid at maturity. The Term B2 Loan will mature on August 12, 2023 and will require scheduled quarterly payments in amounts equal to 0.25% of the original principal amount thereof, commencing with the end of the first full fiscal quarter ending after the borrowing of the Term B2 Loan, with the balance paid at maturity. The Revolver will mature on August 12, 2021. No amortization will be required with respect to the Revolver. In addition, the New Credit Facility will require the Borrower to prepay outstanding Term Loans, subject to certain exceptions, with: 50% (which percentage will be reduced to 25% if the Borrower’s net first lien secured leverage ratio is not greater than 3.50:1.00 and to 0% if the Borrower’s net first lien secured leverage ratio is not greater than 3.00:1.00) of the Borrower’s annual excess cash flow (as defined by the New Credit Facility); 100% of the net cash proceeds of all non-ordinary course asset sales or other non-ordinary course dispositions of property or certain casualty events, in each case subject to certain exceptions and provided that the Borrower may (a) reinvest within 450 days or (b) commit to reinvest those proceeds and so reinvest such proceeds within 630 days in assets to be used in its business, or certain other permitted investments; and 100% of the net cash proceeds of any issuance or incurrence of debt, other than proceeds from debt permitted under the New Credit Facility.

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