Tender Offer - Leidos Holdings, Inc.
Form Type: 8-K
Filing Date: 2025-02-25
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525035177
Filing Summary: On February 20, 2025, Leidos, Inc., a wholly-owned subsidiary of Leidos Holdings, Inc., announced the pricing terms for its Tender Offer to repurchase any and all of its outstanding 3.625% notes due 2025. Following this, on February 21, 2025, the company announced the expiration and results of the Tender Offer. On February 25, 2025, the company delivered funds to Citibank, N.A., to satisfy the principal and accrued interest on the 2025 Notes, thereby discharging the associated indenture. The payment for the discharge was made using proceeds from the issuance of $1 billion in senior notes, which included $500 million due in 2032 and $500 million due in 2035. The completion of these transactions results in the company being released from the obligations under the May 2020 Indenture for the 2025 Notes, except for provisions that survive the discharge.
Additional details:
Tender Offer Pricing Date: 2025-02-20
Tender Offer Expiration Date: 2025-02-21
Tender Offer Amount Principal: 500 million
Tender Offer Interest Rate: 3.625%
Tender Offer New Notes Due 2032: 500 million
Tender Offer New Notes Due 2035: 500 million
Form Type: 8-K
Filing Date: 2025-02-13
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525025653
Filing Summary: On February 13, 2025, Leidos Holdings, Inc. announced through a press release that its wholly-owned subsidiary, Leidos, Inc., commenced a cash tender offer to purchase any and all of its 3.625% Senior Notes due 2025. The total amount of these notes currently outstanding is $500,000,000. The tender offer is contingent upon certain conditions as detailed in the offer to purchase dated February 13, 2025, and is specifically aimed at enhancing the company's financial strategy by managing its outstanding debt obligations.
Additional details:
Item Reported: tender_offer
Amount Outstanding: 500000000
Notes Due: 2025
Interest Rate: 3.625%
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