debt
confidence high
sentiment positive
materiality 0.55
SAIC enters Seventh Amendment to Credit Agreement, lowering Tranche B3 margin by 12.5 bps
Science Applications International Corp
- Tranche B3 Term SOFR margin reduced from 1.875% to 1.750% per annum.
- Tranche B3 Base Rate margin reduced from 0.875% to 0.750% per annum.
- Citibank, N.A. acts as New Tranche B3 Lender, purchasing loans of Departing Lenders at par.
- Amendment effective October 18, 2024; all existing guarantees and liens reaffirmed.