---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-020509"
form_type: "8-K"
ticker: "LDOS"
cik: "0001336920"
company_name: "Leidos Holdings, Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:09:11.995898+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Leidos increases commercial paper program to $1B from $750M

## Summary
- Program increased by $250M; aggregate principal outstanding limit raised to $1B.
- Notes are short-term, unsecured, with maturities up to 397 days from issuance.
- Proceeds for general corporate purposes: working capital, capex, acquisitions, share repurchases.
- Notes guaranteed by Leidos Holdings; revolving credit facilities serve as liquidity backstop.

## SEC filing metadata
- accession: 0001628280-23-020509
- form_type: 8-K
- ticker: LDOS
- cik: 0001336920
- company_name: Leidos Holdings, Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336920/000162828023020509/0001628280-23-020509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336920/000162828023020509/ldos-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-020509
- JSON: https://secwatch.observer/filing/0001628280-23-020509.json
- Plain text: https://secwatch.observer/filing/0001628280-23-020509.txt

## Key facts
- Debt Financings
  Leidos Holdings, Inc. amended guarantee of $1,000,000,000 maturing up to 397 days from the date of issue.
  - Instrument: guarantee
  - Principal: $1,000,000,000
  - Maturity: up to 397 days from the date of issue
  - Event: amendment
  source text: may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $1,000,000,000. The Notes will have maturities of up to 397 days from the date of issue. The Notes will rank at least pari passu with all other unsecured and unsubordinated indebtedness of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336920/000162828023020509/0001628280-23-020509-index.htm
- Material Agreements
  Leidos Holdings, Inc. amended Commercial Paper Program with Various commercial paper dealers valued at Increased the size of the existing commercial paper program by $250 million to an aggregate face or (effective 2023-05-26).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Various commercial paper dealers
  - Value: Increased the size of the existing commercial paper program by $250 million to an aggregate face or
  - Effective: 2023-05-26
  source text: On May 26, 2023, Leidos, Inc. (the “ Issuer ”), a wholly-owned subsidiary of Leidos Holdings, Inc. (the “ Guarantor ”), increased the size of its existing commercial paper program (the “ Program ”), originally entered into on July 12, 2021, by $250 million, pursuant to which it may issue short-term, unsecured commercial paper notes (the “ Notes ”), the payment of which have been unconditionally guaranteed by the Guarantor, under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities Act ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336920/000162828023020509/0001628280-23-020509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.