Leidos, Inc.'s Cash Tender Offer Results for 3.625% Notes

Author: Logan Wright Updated: 02-21-2025 08:11 AM

Leidos, Inc. Provides Update on 3.625% Senior Notes Tender Offer

Leidos Holdings, Inc. (NYSE: LDOS) recently shared important updates concerning its cash tender offer for all outstanding 3.625% Senior Notes due 2025. The company announced that the cash offer, which was put forth by its wholly-owned subsidiary, Leidos, has reached its expiration period.

Details of the Tender Offer

The offer period for purchasers of the 2025 Notes came to an end as of 5:00 p.m. New York City time, with significant amounts having been validly tendered. Specifically, a total of $267,393,000, representing 53.48% of the $500 million total notes available, was successfully submitted for purchase. This reflects a strong interest from existing holders of the 2025 Notes, showcasing confidence in Leidos' financial stability and strategies.

Settlement and Payment Information

Holders who submitted their 2025 Notes for cash consideration will receive $998.30 for each $1,000 principal amount. This amount includes the accrued and unpaid interest from the last payment date until the upcoming settlement date. This timing of such payments ensures that investors are adequately compensated for their holdings in these notable notes.

Role of Dealer Managers

Leidos has enlisted top financial institutions, including Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and U.S. Bancorp Investments, Inc., to act as Dealer Managers for the transaction. These firms will help facilitate the process of accepting the tenders and ensure that all procedures align with the regulatory requirements.

About Leidos, Inc.

Leidos, recognized as a leader in technology and industry innovation, is dedicated to providing solutions for both government and commercial sectors. With a global workforce of around 48,000 employees and annual revenues approaching $16.7 billion, Leidos prides itself on delivering smarter solutions that enhance operational efficiencies.

Future Prospects for Leidos

The company is actively investing in technological advancements and mission innovation, ensuring that it remains competitive in the ever-evolving landscape of industry needs. The success of this cash tender offer further solidifies that Leidos is on an upward trajectory.

Investor Relations and Contacts

Investors can stay informed about further developments through direct engagement with Leidos’ investor relations. For inquiries, Stuart Davis is available at 571.526.6124. Media inquiries can be directed to Victor Melara at (703) 431-4612.

Frequently Asked Questions

What is the purpose of the cash tender offer from Leidos?

The cash tender offer aims to acquire outstanding 3.625% Senior Notes due 2025, enhancing Leidos' overall financial strategy.

What percentage of the notes was accepted in the tender offer?

Approximately 53.48% of the total $500 million in outstanding 2025 Notes were validly tendered in the offer.

When is the payment date for the tendered notes?

Payment for the validly tendered 2025 Notes is set to occur on the settlement date, which is scheduled for February 25, 2025.

Who are the Dealer Managers involved in this process?

Citigroup, J.P. Morgan, and U.S. Bancorp are acting as Dealer Managers to facilitate the tender offer.

How can investors get in touch with Leidos for further information?

Investors can contact Stuart Davis at 571.526.6124 for inquiries regarding the tender offer and other investments in the company.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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