SAIC US$1.23bn term facility and US$1bn revolver (2022)
Refinance existing term loans
Key terms
- Borrower or issuer
- Science Applications International
- Date
- 30 Jun 2022
- Type
- Bank facility
- Amount
- US$2.23bn
- Maturity
- 2027
Recorded terms
- Structure
- Fifth amendment: new US$1.23bn term facility and revolving commitment increased to US$1bn
- Lenders and arrangers
- Citibank, N.A. (administrative agent)
- Country
- United States
Parties
- Science Applications International borrower or issuer
- Agent: Citigroup
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Jul 2022 | L3Harris US$2bn five-year revolving credit facility (2022) | Bank facility | US$2bn |
| 24 Aug 2022 | Lockheed Martin US$3.0bn revolving credit facility (2022) | Bank facility | US$3bn |
| 12 Oct 2022 | BWX Technologies US$1.0bn secured credit facility (2022) | Bank facility | US$1bn |
| 28 Feb 2022 | Mercury Systems US$1.1bn revolving credit facility (upsized) | Bank facility | US$1.1bn |
| 18 Feb 2022 | Kratos US$400m secured credit facility | Bank facility | US$400m |
More from Science Applications International
| Date | Financing | Type | Amount |
|---|---|---|---|
| 22 Sep 2025 | Science Applications International US$500m 5.875% senior notes due 2033 | Bond | US$500m |
| 4 Mar 2020 | Science Applications International US$400m 4.875% senior notes due 2028 | Bond | US$400m |
| 31 Oct 2018 | SAIC US$2.1bn term loans for the Engility merger | Acquisition finance | US$2.12bn |
M&A and investment involving Science Applications International
| Date | Deal | Type | Value |
|---|---|---|---|
| 6 Oct 2025 | SAIC acquisition of SilverEdge Government Solutions | M&A Announced | US$205m |
| 16 Mar 2020 | SAIC acquisition of Unisys Federal | M&A | US$1.2bn |
| 14 Jan 2019 | SAIC acquisition of Engility | M&A | US$2.5bn |
| 4 May 2015 | SAIC acquisition of Scitor | M&A | US$790m |
Sources
- Science Applications International Form 8-K sec.gov · 30 Jun 2022
About this record
Record DEF-2022-0004, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
