Davis Polk advised CSRA Inc. in connection with the November 30, 2016 amendment (the “First Amendment”) to its existing credit agreement dated as of November 27, 2015, with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as pro rata administrative agent, Royal Bank of Canada, as term loan B administrative agent, MUFG Union Bank, N.A., as collateral agent, and the guarantors and lenders party thereto.

The First Amendment (a) reduced the margin applicable to the term loan B facility by 50 basis points, (b) reduced the term loan B facility by $230,000,000, resulting in an aggregate unpaid principal balance under the term loan B facility of $466,328,382, (c) increased the tranche A2 term loan facility by $234,375,000, resulting in an aggregate unpaid principal balance under the tranche A2 facility of $1,630,000,000, (d) extended the maturities of each of the term loan facilities and revolving facility under the Credit Agreement by one year and (e) amended certain existing debt covenants and other terms  and conditions to provide greater operational and financial flexibility to CSRA.

CSRA, with 18,000 employees, delivers a broad range of innovative, cloud-enabled, next-generation IT solutions and professional services to help its customers modernize their legacy systems, protect their applications, infrastructure and assets and improve the effectiveness and efficiency of mission-critical functions. CSRA offers a holistic approach to solving customer challenges by transforming business problems into business outcomes. CSRA is headquartered in Falls Church, Virginia.

The Davis Polk credit team included partner Lawrence E. Wieman and associate Vanessa L. Jackson. Counsel Jeanine P. McGuinness provided regulatory advice. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Jennifer Wang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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