---
schema_version: "secwatch.filing_event.v1"
accession: "0001571123-24-000022"
form_type: "8-K"
ticker: "SAIC"
cik: "0001571123"
company_name: "Science Applications International Corp"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:18:21.134662+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SAIC enters $510.25M new term loan B facility, refinances existing Tranche B loans

## Summary
- Sixth Amendment to credit agreement establishes Tranche B3 Loans of $510.25M, borrowed Feb 8, 2024.
- Proceeds used to refinance all existing Tranche B and Tranche B2 loans in full.
- New loans bear interest at Term SOFR plus 1.875% (or base rate plus 0.875%), maturing Feb 8, 2031.
- Quarterly amortization at 0.25% of original amount beginning July 31, 2024; 1% prepayment penalty for repricing before Aug 8, 2024.
- Loans secured by substantially all assets of SAIC and domestic subsidiaries; same covenants as existing credit agreement.

## SEC filing metadata
- accession: 0001571123-24-000022
- form_type: 8-K
- ticker: SAIC
- cik: 0001571123
- company_name: Science Applications International Corp
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571123/000157112324000022/0001571123-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571123/000157112324000022/saic-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001571123-24-000022
- JSON: https://secwatch.observer/filing/0001571123-24-000022.json
- Plain text: https://secwatch.observer/filing/0001571123-24-000022.txt

## Key facts
- Debt Financings
  Science Applications International Corp incurred term loan of $510,250,000 with Citibank, N.A. at Term SOFR or a base rate, plus an applicable margin of 1.875% for Term SOFR loan maturing February 08, 2031.
  - Instrument: term loan
  - Principal: $510,250,000
  - Counterparty: Citibank, N.A.
  - Rate: Term SOFR or a base rate, plus an applicable margin of 1.875% for Term SOFR loan
  - Maturity: February 08, 2031
  - Event: incurrence
  source text: The Amendment established a new senior secured term loan “B” credit facility commitment in the amount of $510,250,000 (the "Tranche B3 Loans").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571123/000157112324000022/0001571123-24-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.