Nov 2, 5:28 PM ET
Science Applications International Corp. priced a private offering of $500 million in 6.75% senior notes due 2034, upsized from the $400 million it first announced, at 100% of principal. The company plans to use the net proceeds to redeem all of its outstanding 4.875% Senior Notes due 2028, which refinances existing debt and does not change the company's reported results. The offering is expected to close on or about November 13, 2026, subject to customary closing conditions.
- Priced $500 million of 6.75% senior notes due 2034 at 100% of principal, up from the $400 million announced at launch
- Net proceeds to redeem all outstanding 4.875% Senior Notes due 2028, with any remainder for general corporate purposes
- Redemption of the 2028 Notes is conditioned on closing of the offering
- Closing expected on or about November 13, 2026
Read the filing on SEC.gov ↗
Oct 13, 4:15 PM ET
SAIC said Kenneth Crews, former Corporate Vice President and CFO of Northrop Grumman, will become Executive Vice President and Chief Financial Officer effective December 7, 2026, after joining as CFO-elect on October 30, 2026. Prabu Natarajan, the current CFO, will become permanent Executive Vice President of the Civilian Business Group and will cease being CFO as of the effective date.
- Kenneth (Ken) Crews, age 45, joins October 30, 2026 as CFO-elect and assumes the CFO role December 7, 2026
- Crews' annual base salary is $740,000, with a short-term incentive cash bonus target of 100% of base salary
- Crews receives a one-time sign-on cash payment of $250,000 and a sign-on RSU award with a $2,000,000 grant date value
- Prabu Natarajan becomes permanent Executive Vice President, Civilian Business Group, and continues as Executive Vice President of Enterprise Operations
Read the filing on SEC.gov ↗
Aug 31, 6:55 AM ET
SAIC reported second-quarter fiscal 2027 revenue of $1.88 billion, up about 6%, but net income fell 20% to $102 million and diluted EPS fell 12% to $2.38. The company raised its fiscal 2027 guidance for revenue, adjusted EBITDA, adjusted EBITDA margin and adjusted diluted EPS, while reiterating its free cash flow guidance.
- Q2 revenue $1.88 billion, up 6%; organic growth 5.3%
- Net income $102 million, down 20%; diluted EPS $2.38 vs. $2.71; adjusted diluted EPS $3.01 vs. $3.63
- Fiscal 2027 adjusted diluted EPS guidance raised to $10.65-$10.75 from $9.90-$10.10; revenue guidance raised to $7.2 billion-$7.3 billion
- Estimated backlog $22.1 billion at quarter end; quarterly dividend of $0.37 per share payable October 23, 2026
Read the filing on SEC.gov ↗
Aug 19, 4:03 PM ET
Science Applications International Corporation entered into Amendment No. 6 to its Master Accounts Receivable Purchase Agreement with MUFG Bank, Ltd. on August 14, 2026. The amendment raises the facility limit for selling eligible U.S. government receivables from $300 million to $400 million, with other terms unchanged. The change expands the company's receivables financing capacity, but the filing does not describe any financial results or effect on earnings.
- Amendment No. 6 dated August 14, 2026, with MUFG Bank, Ltd. as purchaser
- Facility limit for sale of designated eligible U.S. government receivables increased to $400 million from $300 million
- Remaining material terms of the existing purchase agreement are unchanged
- Filed as Exhibit 10.1 with the 8-K dated August 19, 2026
Read the filing on SEC.gov ↗
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