RESTON, Va., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ:SAIC) ("SAIC"), a premier Fortune 500 technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, announced today that it has priced an offering of $500.0 million aggregate principal amount of 5.875% senior notes due 2033 (the "Notes"). The Notes were priced at 100% of their principal amount and will be senior unsecured obligations of SAIC. The offering is expected to close on September 25, 2025, subject to customary closing conditions.

SAIC intends to use the net proceeds from the offering of the Notes to repay all indebtedness outstanding under its revolving credit facility and to pay estimated fees and expenses of the offering of the Notes, with any remaining net proceeds being used for general corporate purposes, including working capital to fund growth and potential strategic projects and transactions.

The Notes and the related guarantees are being offered and sold to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have ...