SAIC Announces Pricing of Upsized Offering of $500 Million in Senior Notes
SAIC priced an upsized $500 million offering of 6.75% senior notes due 2034 at par, senior unsecured and guaranteed by domestic subsidiaries. Proceeds will redeem all outstanding 4.875% Senior Notes due 2028, extending the maturity profile but raising the coupon by roughly 190 basis points on the refinanced principal.
Key figures
- Deal Value Usd
- 500000000
- Coupon
- 6.75%
- Pricing
- 100% of principal
- Maturity
- 2034
- Refinanced notes
- 4.875% Senior Notes due 2028
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.