CACI International Inc (NYSE: CACI) has announced a proposed offering of $500 million in aggregate principal amount of unsecured senior notes due 2033. These notes are part of the same series as the company's 6.375% senior notes due 2033 that were originally issued in June 2025. The net proceeds from this offering, along with borrowings under its revolving credit facility and cash on hand, will be used to pay all or a portion of the purchase price of the company’s acquisition of Arka Group L.P.
In terms of financial performance, CACI International Inc has seen growth in its revenue over the last period. Its revenue for the last quarter was $1.63 billion, up from $1.49 billion in the same period last year. Additionally, the company's net income has also increased, with a reported figure of $113.5 million for the last quarter, compared to $102.1 million in the same period last year.
Moreover, the company's EBITDA margin has improved, standing at 10.9% for the last quarter, compared to 10.3% in the same period last year. This indicates that the company has been able to increase its earnings before interest, tax, depreciation, and amortization as a percentage of its total revenue.
Furthermore, CACI International Inc's operating cash flow has also shown a positive trend, with the last quarter's figure reported at $190.2 million, up from $169.3 million in the same period last year. This suggests that the company has been effective in generating cash from its core operations.
In terms of financial position, the company's total assets have increased to $6.81 billion, up from $6.63 billion in the previous period. Additionally, CACI International Inc's total liabilities have also gone up, with the last reported figure at $3.97 billion, compared to $3.81 billion in the same period last year.
The proposed offering of senior notes due 2033 aligns with CACI International Inc's strategic plans for funding its acquisition and associated costs and expenses. This move reflects the company's confidence in its ability to leverage financial instruments effectively to support its growth initiatives.
It is worth noting that the offering of the notes is subject to certain conditions and is being offered only to qualified institutional buyers in the United States and to non-U.S. persons outside of the United States. Following these announcements, the company's shares moved 1.26%, and are now trading at a price of $635.40. For more information, read the company's full 8-K submission here.
