SAIC Announces Proposed Offering of $400 Million in Senior Notes
SAIC announced a proposed private offering of $400 million in senior notes due 2034, sold to qualified institutional buyers under Rule 144A and Regulation S. Net proceeds, together with cash on hand, will be used to redeem all outstanding 4.875% Senior Notes due 2028 and pay offering fees; the redemption is conditioned on the offering closing.
Key figures
- Deal Value Usd
- 400000000
- Notes maturity
- 2034
- Redeemed notes
- 4.875% Senior Notes due 2028
- Existing notes reference
- 5.875% Senior Notes due 2033
AI analysis
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