Science Applications International Corp (SAIC) Announces $400 Million Senior Notes Offering
Science Applications International Corporation (SAIC) has announced its intention to offer $400 million in aggregate principal amount of senior notes due 2034. The offering is subject to standard market conditions and regulatory approvals. The company plans to utilize the net proceeds from this debt issuance, combined with existing cash reserves, to redeem outstanding debt. This move is part of a broader capital management strategy aimed at optimizing the company's balance sheet and managing its debt maturity profile.
Tickers: $SAIC
Topics: debt offering refinancing senior notes
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