Science Applications proposes $400M notes offering (SAIC:NASDAQ)

Science Applications International Corp. (SAIC) plans a $400 million offering of senior notes due 2034. The company will use proceeds, along with cash on hand, to redeem its 4.88% senior notes due 2028. The redemption is contingent on the offering's success. SAIC shares rose 0.51% to $152.63 in pre-market trading.

Science Applications International Corp. (SAIC) plans to offer $400 million in senior notes due 2034, using proceeds to redeem its 4.875% Senior Notes due 2028. The notes are guaranteed by SAIC's domestic subsidiaries and offered to qualified buyers. SAIC is a defense contractor with $7.3 billion in annual revenue.

Science Applications International Corp. (SAIC) plans a $400M bond sale to redeem debt due in 2028. The Notes are offered to qualified institutional buyers and non-U.S. persons. SAIC is a mission integrator supporting defense, space, and civilian agencies, with annual revenues of approximately $7.5B. The company cautions about risks and uncertainties in the offering.

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