Business Context and Reporting Period
Company: Science Applications International Corporation (SAIC)
Filing Type: Form 8-K (Current Report)
Date of Report: September 22, 2025
Event: Pricing of a private offering of Senior Notes due 2033.
Key Financial Metrics
This filing does not report operational financial metrics such as revenue, profit, cash flow, or margins. The primary financial data point disclosed is:
- Debt Issuance: $500.0 million aggregate principal amount of Senior Notes due 2033.
- Liquidity Impact: Proceeds intended to repay all indebtedness under the revolving credit facility.
Material Changes
The material change reported is the execution of a $500.0 million debt offering. The Company intends to utilize the net proceeds to:
- Repay all outstanding indebtedness under its revolving credit facility.
- Pay estimated fees and expenses associated with the offering.
- Allocate remaining net proceeds to general corporate purposes, including working capital for growth and potential strategic projects.
Guidance, Outlook, and Risks
Outlook and Timing: The closing of the offering is expected to occur on or about September 25, 2025, subject to customary closing conditions.
Risks and Contingencies: The filing includes standard forward-looking statement disclaimers. Actual results may differ materially due to risks discussed in the Company's Form 10-K and subsequent Form 10-Q filings. The Notes are not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption.
Investor Verification Checklist
- Verify the final closing date of the offering (expected September 25, 2025).
- Confirm the specific interest rate and yield of the Senior Notes due 2033 (not detailed in this 8-K).
- Review the updated debt maturity profile following the repayment of the revolving credit facility.
- Check subsequent filings for the actual amount of net proceeds retained for general corporate purposes after debt repayment and fees.