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 of the notes to repay all indebtedness outstanding under its revolving credit facility and to pay estimated fees and expenses of the offering of the notes. Any remaining net proceeds will be 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" and non-U.S. persons outside the United States. 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 focused on advancing the power of technology and innovation to serve and protect the world. The company's portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. The company is approximately 24,000 strong and headquartered in Reston, Virginia. As a result of these announcements, the company's shares have moved -2.15% on the market, and are now trading at a price of $99.27. If you want to know more, read the company's complete 8-K report here.
