Leidos intends to price senior notes to repay loans

By Devika Patel

Knoxville, Tenn., Oct. 5 – Leidos, Inc. intends to conduct a Rule 144A and Regulation S sale of senior notes, according a press release.

The notes will be guaranteed by Leidos Holdings, Inc.

Proceeds will be used for general corporate purposes, including, to pay the balance on the company’s 364-day term loan facility and a portion of the balance on its five-year term loan facility.

Leidos is a Reston, Va.-based defense, aviation, information technology and engineering company.

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