Leidos subsidiary commences tender offer for all of its $500M 3.625% Senior Notes due 2025

Leidos Holdings, Inc.

Leidos, Inc. commenced a cash tender offer on Feb 13, 2025 to purchase any and all of its $500M outstanding 3.625% Senior Notes due 2025.
The tender offer expires at 5:00 p.m. ET on Feb 20, 2025, unless extended or earlier terminated.
Holders will receive Notes Consideration plus accrued interest from Nov 15, 2024 up to settlement date expected Feb 25, 2025.
The offer is subject to conditions including the successful completion of a new notes offering to fund repurchases.
Citigroup, J.P. Morgan, and U.S. Bancorp are acting as dealer managers; Global Bondholder Services Corporation is depositary agent.

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