Science Applications International Corporation (SAIC) announced on November 2, 2026, that it has commenced a private offering of $400 million aggregate principal amount of Senior Notes due 2034. The offering is subject to market conditions and other customary closing requirements.
The notes will be offered and sold only to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. persons outside the United States under Regulation S. The notes and related guarantees are being offered by means of a private offering memorandum and have not been registered under U.S. securities laws.
SAIC intends to use the net proceeds from this offering, together with cash on hand, to redeem all of its outstanding 4.875% Senior Notes due 2028. The redemption of the 2028 Notes is conditioned upon the consummation of the offering. Any remaining net proceeds will be used for general corporate purposes.
Each of SAIC’s existing and future domestic subsidiaries that guarantee the company’s obligations under its credit agreement and certain other indebtedness, including its 5.875% Senior Notes due 2033, will guarantee the new notes on a senior unsecured basis.
The closing of the offering is expected to occur on or about November 13, 2026.
