SAIC Announces Proposed Offering of $500.0 Million in Senior Notes

Core Viewpoint - Science Applications International Corp. (SAIC) plans to offer $500 million in senior notes due 2033 to enhance its financial position and support growth initiatives [1][2]. Group 1: Offering Details - SAIC intends to use the net proceeds from the offering to repay all outstanding indebtedness under its revolving credit facility and cover estimated fees and expenses related to the offering [2]. - Any remaining net proceeds will be allocated for general corporate purposes, including working capital for growth and potential strategic projects [2]. Group 2: Regulatory Information - The notes are being offered to "qualified institutional buyers" under Rule 144A and to non-U.S. persons outside the United States under Regulation S, both exemptions from registration under the Securities Act [3]. - The notes have not been registered for sale under the Securities Act or any state securities laws and cannot be offered or sold in the U.S. without registration or an applicable exemption [3][4]. Group 3: Company Overview - SAIC is a Fortune 500 technology integrator focused on digital transformation across defense, space, civilian, and intelligence markets [5]. - The company employs approximately 24,000 people and is headquartered in Reston, Virginia, emphasizing its mission-driven approach and commitment to innovation [6].