SAIC refinances credit facilities with $1.1 billion term loan and $1.0 billion revolver
On September 30, 2025, SAIC entered into an Eighth Amendment to its credit agreement with Citibank, N.A. as administrative agent, establishing a new $1.1 billion senior secured term loan A and a new $1.0 billion revolving credit facility, both maturing September 30, 2030. Proceeds repaid the existing term loans and revolving loans, and the filing says the company also used part of the funds to add cash to its balance sheet.
Key points
- New term loan A commitment of $1,100,000,000, borrowed in full on the September 30, 2025 closing date, maturing September 30, 2030
- New $1,000,000,000 revolving credit facility, with a termination date of September 30, 2030, used to refinance the existing revolver
- Quarterly amortization begins October 31, 2026 at 0.625%, rising to 1.25% on October 31, 2027 and 1.875% on October 31, 2028
- Facilities are secured by substantially all assets of SAIC and guaranteed by its wholly owned domestic subsidiaries; the 0.10% credit spread adjustment was eliminated
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 October 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.