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

Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001571123-24-000140
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC enters Seventh Amendment to Credit Agreement, lowering Tranche B3 margin by 12.5 bps
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000157112324000140/0001571123-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000157112324000140/saic-20241018.htm
  HTML page:      https://secwatch.observer/filing/0001571123-24-000140

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