Leidos Holdings, Inc. (LDOS): debt financing — Leidos upsizes revolver to $1.5B, extends maturity to 5 years, reduces commitment fees

The Restatement Agreement amends and restates the Existing Credit Agreement to, among other things, (i) increase the aggregate commitments under the revolving credit facility from $1,000,000,000 to $1,500,000,000, (ii) extend the maturity date of the revolving credit facility to five years after the Restatement Effective Date, (iii) reduce the unused commitment fee to a range of 0.08% to 0.20% per annum (based on a ratings-based grid), rather than 0.09% to 0.25% per annum, and (iv) remove the 0.10% per annum credit spread adjustment previously applicable to borrowings under the revolving credit facility.

On February 12, 2026 (the “ Restatement Effective Date ”), Leidos Holdings, Inc. (“ Leidos ”), Leidos, Inc., a Delaware corporation and a wholly-owned subsidiary of Leidos, as borrower (the “ Borrower ”), and certain other wholly-owned domestic subsidiaries of Leidos, as guarantors (collectively, the “ Subsidiary Guarantors ” and, together with Leidos and the Borrower, collectively, the “ Loan Parties ”), entered into an Amendment and Restatement Agreement (the “ Restatement Agreement ”), which amended and restated that certain Credit Agreement dated as of March 10, 2023 (prior to giving effect to this amendment and restatement, the “ Existing Credit Agreement ”), among the Loan Parties, the lenders party thereto and Citibank, N.A., as administrative agent (as amended and restated pursuant to the Restatement Agreement, the “ Credit Agreement ”).