SAIC Announces Proposed Offering of $400 Million in Senior Notes

RESTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) a leading mission integrator supporting defense, space, intelligence, and civilian agencies, announced today that it intends to commence an offering of $400 million aggregate principal amount of senior notes due 2034 (the “Notes”), subject to market and certain other conditions (the “Offering”). The Notes will be guaranteed on a senior unsecured basis by each of SAIC’s existing and future domestic subsidiaries that guarantee SAIC’s obligations under its credit agreement and certain other indebtedness, including its 5.875% Senior Notes due 2033.

SAIC intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 4.875% Senior Notes due 2028 (the “2028 Notes”) and to pay estimated fees and expenses of the Offering. The redemption of the 2028 Notes will be conditioned upon the consummation of the Offering. This press release does not constitute a notice of redemption with respect to the 2028 Notes.