debt
confidence high
sentiment neutral
materiality 0.60
SAIC announces $500M senior notes offering due 2033; concurrent credit facility refinancing
Science Applications International Corp
- SAIC commenced private offering of $500M in Senior Notes due 2033.
- Net proceeds to repay revolving credit facility and for general corporate purposes.
- Concurrently seeking to amend credit agreement: new $1.1B Term A loans due 2030 and $1B revolver due 2030.
- Offerings are not conditioned on each other; both subject to market conditions.
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