Science Applications International Corp. (SAIC) has announced the pricing of $500.0 million in senior notes due 2033. The notes were priced at 100% of their principal amount and will be senior unsecured obligations of SAIC. The offering is expected to close on September 25, 2025. SAIC intends to use the net proceeds from the offering to repay all outstanding indebtedness under its revolving credit facility and to pay estimated fees and expenses of the offering, with any remaining net proceeds being used for general corporate purposes, including working capital to fund growth and potential strategic projects and transactions.
The notes and the related guarantees are being offered and sold to qualified institutional buyers in reliance on the exemption from registration under the Securities Act of 1933, as well as to non-U.S. persons outside the United States in reliance on the exemption from registration under Regulation S. It's important to note that the notes and the related guarantees have not been registered for sale under the Securities Act or any state securities laws.
SAIC is a premier Fortune 500 mission integrator with a robust portfolio of offerings across the defense, space, civilian, and intelligence markets. They are approximately 24,000 strong and headquartered in Reston, Virginia. As a result of these announcements, the company's shares have moved -2.07% on the market, and are now trading at a price of $101.72. Check out the company's full 8-K submission here.
