What changed
SAIC intends to offer $400 million aggregate principal amount of senior notes due 2034, guaranteed by existing and future domestic subsidiaries that guarantee its credit agreement and certain other indebtedness. Net proceeds, together with cash on hand, will redeem all outstanding 4.875% Senior Notes due 2028 and pay estimated fees and expenses. The redemption is conditioned on consummation of the offering.
Why it matters
SAIC intends to offer $400 million aggregate principal amount of senior notes due 2034, guaranteed by existing and future domestic subsidiaries that guarantee its credit agreement and certain other in