Leidos Holdings, Inc. (LDOS): debt financing — Leidos issues $600M 4.1% notes due 2029 and $800M 5.0% notes due 2036 to fund ENTRUST

Leidos Holdings, Inc.

$600M aggregate principal of 4.100% senior notes due March 2029; $800M of 5.000% senior notes due March 2036.
Net proceeds estimated at approximately $1.387B after underwriting discounts and expenses.
Proceeds intended to fund portion of consideration for proposed acquisition of ENTRUST (KENE Parent, Inc.).
Special mandatory redemption at 101% if ENTRUST acquisition not consummated by August 14, 2026 or issuer abandons deal.
Notes are senior unsecured obligations guaranteed by Leidos Holdings; interest payable semi-annually starting Sept 15, 2026.

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 $600 million aggregate principal amount of 4.100% senior notes due 2029 with Citibank, N.A. at 4.100% maturing March 15, 2029.

Instrument: senior notes
Principal: $600 million aggregate principal amount of 4.100% senior notes due 2029
Counterparty: Citibank, N.A.
Rate: 4.100%
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”)

View on SEC.gov

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

Leidos Holdings, Inc. incurred senior notes of $800 million aggregate principal amount of 5.000% senior notes due 2036 with Citibank, N.A. at 5.000% maturing March 15, 2036.

Instrument: senior notes
Principal: $800 million aggregate principal amount of 5.000% senior notes due 2036
Counterparty: Citibank, N.A.
Rate: 5.000%
Maturity: March 15, 2036
Event: incurrence

Exact text from the filing

On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”) and $800 million aggregate principal amount of 5.000% senior notes due 2036 (the “ 2036 Notes ” and, collectively with the 2029 Notes, the “ Notes ” and, such offering, the “ Notes Offering ”).

View on SEC.gov

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

Leidos Holdings, Inc. entered into October 2020 Indenture with Citibank, N.A. valued at $600 million aggregate principal amount of 4.100% senior notes due 2029 and $800 million aggregate p (effective 2026-03-02).

Action: entry
Agreement: notes offering
Counterparty: Citibank, N.A.
Value: $600 million aggregate principal amount of 4.100% senior notes due 2029 and $800 million aggregate p
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”) and $800 million aggregate principal amount of 5.000% senior notes due 2036 (the “ 2036 Notes ” and, collectively with the 2029 Notes, the “ Notes ” and, such offering, the “ Notes Offering ”).

View on SEC.gov

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Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-085897

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