Leidos amends credit facility, raising revolver to $1.5 billion and extending maturity
Leidos amended and restated its credit agreement on February 12, 2026, increasing its revolving credit facility from $1.0 billion to $1.5 billion and extending its maturity to five years after the effective date. The company also lowered the unused commitment fee range and removed a 0.10% credit spread adjustment, while no revolver borrowings were outstanding at signing.
Key points
- Revolving credit facility commitments increased from $1.0 billion to $1.5 billion
- Revolver maturity extended to five years after the February 12, 2026 Restatement Effective Date
- Unused commitment fee reduced to 0.08% to 0.20% per annum from 0.09% to 0.25%
- No borrowings were outstanding under the revolver as of the effective date; term loan terms unchanged
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.