{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-069649","form_type":"8-K","ticker":"LDOS","cik":"0001336920","company_name":"Leidos Holdings, Inc.","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.531947+00:00","generated_at":"2026-06-18T02:59:21.040961+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Leidos Holdings enters new $2.0B credit facility on March 10, 2023, refinances existing debt","bullets":["New $1.0B term loan and $1.0B revolving credit facility, both maturing five years from March 10, 2023.","Proceeds used to repay all indebtedness under prior credit agreement dated January 17, 2020.","Interest rates: Term SOFR + margin based on credit rating; currently 1.250% for SOFR loans, commitment fee 0.125%.","Financial covenants: max adjusted total debt/EBITDA of 3.75:1 (increased to 4.50:1 after material acquisition), min EBITDA/interest 3.50:1.","No borrowings under revolving facility at closing; $2.0B total capacity."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-069649","json":"https://secwatch.observer/filing/0001193125-23-069649.json","markdown":"https://secwatch.observer/filing/0001193125-23-069649.md","text":"https://secwatch.observer/filing/0001193125-23-069649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1336920/000119312523069649/0001193125-23-069649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1336920/000119312523069649/d481040d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T02:59:21.040961+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4080d0bbb3b0832541cb16e1d67c148a2ab85366","claim":"Leidos Holdings, Inc. entered into Credit Agreement with Citibank, N.A., as administrative agent valued at $1,000,000,000 (effective 2023-03-10).","evidence_excerpt":"The Credit Agreement provides for (i) a senior unsecured term loan facility in an aggregate principal amount of $1,000,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336920/000119312523069649/0001193125-23-069649-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent"},{"label":"Value","value":"$1,000,000,000"},{"label":"Effective","value":"2023-03-10"}],"fact_type":"material_agreement"},{"claim_id":"ee7aa497e7b1f390bfb120605f756ed7c88be3a6","claim":"Leidos Holdings, Inc. terminated Terminated Credit Agreement with Citibank, N.A., as administrative agent (effective 2023-03-10).","evidence_excerpt":"On the Closing Date, the Borrower repaid in full all indebtedness, and terminated all commitments, under, and discharged and released all guarantees in connection with the Terminated Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1336920/000119312523069649/0001193125-23-069649-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., as administrative agent"},{"label":"Effective","value":"2023-03-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}