Leidos unit issues $1.4 billion in senior notes to fund Entrust acquisition

Reuters
Mar 03
Leidos unit issues $1.4 billion in senior notes to fund Entrust acquisition

Leidos, through its wholly owned subsidiary Leidos, Inc., completed a $1.4 billion senior notes offering on March 2, 2026, issuing $600 million of 4.100% notes due 2029 and $800 million of 5.000% notes due 2036 under its existing October 2020 indenture with Citibank, N.A. as trustee. Net proceeds are expected to be about $1.387 billion and will be used primarily to help fund Leidos’ planned acquisition of Entrust, with the notes subject to mandatory redemption at 101% if the deal is not completed by the specified deadline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leidos Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-085897), on March 03, 2026, and is solely responsible for the information contained therein.

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