Leidos Holdings, Inc. (LDOS): debt financing — Leidos issues $750M 5.750% notes due 2033; tenders $391.6M of 2.950% 2023 notes

Leidos Holdings, Inc.

Issued $750M of 5.750% senior notes due March 15, 2033; proceeds used to refinance existing debt.
Tendered $391.6M (78.3%) of outstanding $500M 2.950% 2023 notes at $995.77/$1,000.
Remaining 2023 notes to be repaid via satisfaction and discharge using note proceeds.
Interest on new notes payable semi-annually at 5.750%, with make-whole call until Dec 2032.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Leidos Holdings, Inc. incurred senior notes of $750 million with Citibank, N.A., as trustee at 5.750% maturing March 15, 2033.

Instrument: senior notes
Principal: $750 million
Counterparty: Citibank, N.A., as trustee
Rate: 5.750%
Maturity: March 15, 2033
Event: incurrence

Exact text from the filing

issued and sold $750 million aggregate principal amount of 5.750% senior notes due 2033

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Leidos Holdings, Inc. entered into a notes offering valued at $750 million (effective 2023-02-28).

Action: entry
Agreement: notes offering
Value: $750 million
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $750 million aggregate principal amount of 5.750% senior notes due 2033

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Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-053985

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