Davis Polk advised CSRA Inc. in connection with the second amendment to its existing credit agreement dated as of November 27, 2015 (as amended).

Pursuant to the second amendment, (a) the term loan B facility under the existing credit agreement was amended by reducing the margin applicable thereto by 50 basis points and (b) CSRA incurred incremental term loan B advances in an aggregate principal amount of approximately $183.7 million, which resulted in an increase in the unpaid aggregate principal balance of the term loan B facility to a total of $650 million. The additional borrowings under the term loan B facility were immediately applied to repay approximately $180.6 million of the unpaid principal balance of the term loan A1 facility under the existing credit agreement, to pay accrued and unpaid interest on amounts repaid on the term loan A1 facility and the term loan B facility and to pay fees and expenses incurred in connection with the second amendment and the transactions contemplated thereby.

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 is headquartered in Falls Church, Virginia.

The Davis Polk finance team included partner Lawrence E. Wieman and associates Vanessa L. Jackson and Dane G. Ferre. Counsel Sarah E. Kim and associate Zixuan (Jennifer) Wang provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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