secwatch.observer — SEC 8-K summary
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Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001571123-25-000178
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC refinances $2.1B credit facilities; new $1.1B term loan and $1B revolver due 2030
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- New $1.1B senior secured term loan A facility and $1B revolving credit facility, both maturing Sept 30, 2030.
- Proceeds used to repay existing term loans and revolver advances, and pay fees; balance sheet cash.
- Quarterly amortization of term loan begins Oct 2026 at 0.625%, increasing to 1.875% by Oct 2028.
- Credit spread adjustment of 0.10% on SOFR-based rates eliminated; covenants substantially unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000178/0001571123-25-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000178/saic-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001571123-25-000178

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