secwatch.observer — SEC 8-K summary
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Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0001571123-25-000176
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC closes $500M offering of 5.875% senior notes due 2033; proceeds to repay revolver
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- $500M aggregate principal of 5.875% Senior Notes due 2033 issued; net proceeds ~$493M.
- Proceeds used to repay outstanding revolver balance, then general corporate purposes.
- Make-whole redemption callable at par plus accrued interest until Nov 1, 2028; thereafter at stated redemption prices.
- Up to 40% of notes can be redeemed with equity offering proceeds at 105.875% until Nov 1, 2028.
- Notes are senior unsecured, fully guaranteed by domestic subsidiaries that back credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000176/0001571123-25-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000176/saic-20250925.htm
  HTML page:      https://secwatch.observer/filing/0001571123-25-000176

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