secwatch.observer — SEC 8-K summary
======================================

Issuer:     Leidos Holdings, Inc. (LDOS)
CIK:        0001336920
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001193125-26-085897
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leidos issues $600M 4.1% notes due 2029 and $800M 5.0% notes due 2036 to fund ENTRUST
--------------------------------------------------------------------------------

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336920/000119312526085897/0001193125-26-085897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336920/000119312526085897/d39266d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-085897

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer