SAIC US$2.1bn term loans for the Engility merger
Finance the merger with Engility
Key terms
- Borrower or issuer
- Science Applications International
- Date
- 31 Oct 2018
- Type
- Acquisition finance
- Amount
- US$2.12bn
- Maturity
- 2025
Recorded terms
- Structure
- Senior secured term loan B of up to US$1.05bn and term loan A commitment of US$1.068bn, plus a US$200m revolver increase
- 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 |
|---|---|---|---|
| 13 Feb 2019 | TransDigm US$4.0bn 6.25% senior secured notes due 2026 for the Esterline acquisition | Acquisition finance | US$4bn |
| 22 Mar 2021 | Teledyne US$3,000m notes (5 tranches) to fund the FLIR acquisition | Acquisition finance | US$3bn |
| 2 May 2016 | Mercury Systems US$300m credit facility for the Microsemi carve-out | Acquisition finance | US$300m |
| 22 Nov 2022 | L3Harris US$2.25bn term loan for the Viasat tactical data links acquisition | Acquisition finance | US$2.25bn |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
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 |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 4 Mar 2020 | Science Applications International US$400m 4.875% senior notes due 2028 | Bond | US$400m |
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$790m |
Sources
- Science Applications International Form 8-K sec.gov · 31 Oct 2018
About this record
Record DEF-2018-0013, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
