SAIC Announces Proposed Offering of $400 Million in Senior Notes (Form 8-K)

SAIC Announces Proposed Offering of $400 Million in Senior Notes

RESTON, Va., November 02, 2026 - Science Applications International Corp. (NASDAQ: SAIC) ("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.

The Notes and the related guarantees are being offered and sold to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered for sale under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.