Science Applications International Corporation’s $2.6 Billion of High-Yield Senior Notes and Credit Facilities

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high-yield senior notes offering of Science Applications International Corporation ("SAIC"), a leading provider of technical, engineering and enterprise information technology services primarily to the U.S. government. The transaction closed on September 25, 2025.

Cravath also represented the administrative agent and lead arrangers in connection with $2.1 billion of credit facilities made available to SAIC. The facilities consisted of a $1.1 billion term loan A facility and $1 billion revolving credit facility. The transaction closed on September 30, 2025.

The Cravath team was led by partners Joseph D. Zavaglia and Douglas Dolan on banking and capital markets matters and included of counsel D. Ana Choi and associate Kenshin Cho on banking matters; associates Lauri Marjamaki and Kenshin Cho on capital markets matters; partner Arvind Ravichandran and associates Megan Samayoa and Ruth Goldstein Schapiro on tax matters; and associate S. Celine Li on executive compensation and benefits matters.