Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-' - S&P Global Ratings’ Credit Research

Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-'

Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-' - S&P Global Ratings’ Credit Research
Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-'
Published Sep 22, 2025
3 pages (1375 words) — Published Sep 22, 2025
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Abstract:

NEW YORK (S&P Global Ratings) Sept. 22, 2025--S&P Global Ratings today assigned its 'BB-' issue-level and '6' recovery ratings to Science Applications International Corp. 's proposed $500 million senior unsecured notes due 2033, in line with the company's existing senior unsecured notes and two notches below the company's first-lien debt. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of default. We expect SAIC will use the proceeds from the additional debt to pay down borrowings on its revolving credit facility and for general corporate purposes, which we believe could include funding potential future acquisitions. Our 'BB+' issuer credit rating on SAIC is unchanged. ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors: SAIC's proposed

  
Brief Excerpt:

...September 22, 2025 NEW YORK (S&P Global Ratings) Sept. 22, 2025--S&P Global Ratings today assigned its '##-' issue-level and '6' recovery ratings to Science Applications International Corp.'s proposed $500 million senior unsecured notes due 2033, in line with the company's existing senior unsecured notes and two notches below the company's first-lien debt. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of default. We expect SAIC will use the proceeds from the additional debt to pay down borrowings on its revolving credit facility and for general corporate purposes, which we believe could include funding potential future acquisitions. Our '##+' issuer credit rating on SAIC is unchanged. ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors:...

  
Report Type:

Ratings Action

Issuer
Science Applications International Corp.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-'" Sep 22, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Science-Applications-International-Corp-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BB-3444864>
  
APA:
S&P Global Ratings’ Credit Research. (). Science Applications International Corp.'s Proposed $500 Million Senior Unsecured Notes Rated 'BB-' Sep 22, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Science-Applications-International-Corp-s-Proposed-500-Million-Senior-Unsecured-Notes-Rated-BB-3444864>
  
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