debt
confidence high
sentiment neutral
materiality 0.50
Leidos commences tender offer to repurchase any and all of its $500M 2.950% Senior Notes due 2023
Leidos Holdings, Inc.
- Leidos commenced cash tender offer for any and all $500M of 2.950% Senior Notes due 2023.
- Tender offer expires 5:00 PM ET Feb 23, 2023; settlement expected Feb 28, 2023.
- Consideration based on fixed spread plus yield of 1.750% U.S. Treasury due May 15, 2023.
- Offer contingent upon Leidos completing a new senior note offering to fund repurchase.