Leidos, Inc. Announces the Expiration and Results of Cash Tender Offer for Any and All 3.625% Senior Notes Due 2025

Core Viewpoint - Leidos Holdings, Inc. announced the expiration of its wholly-owned subsidiary Leidos, Inc.'s cash tender offer for its outstanding 3.625% Senior Notes due 2025, with 53.48% of the notes validly tendered by the expiration time [1][3]. Group 1: Tender Offer Details - The tender offer for the 2025 Notes expired at 5:00 p.m. on February 20, 2025, with $267,393,000 of the$500 million aggregate principal amount validly tendered [1]. - Payment for the validly tendered 2025 Notes will occur on February 25, 2025, the settlement date [1]. - Holders of the 2025 Notes who validly tendered their notes will receive $998.30 for each$1,000 principal amount, plus accrued interest from the last payment date [3]. Group 2: Company Overview - Leidos is a leader in the industry and technology sector, serving government and commercial customers with innovative digital and mission solutions [6]. - The company is headquartered in Reston, Virginia, and employs approximately 48,000 people globally [6]. - For the fiscal year ending January 3, 2025, Leidos reported annual revenues of approximately $16.7 billion [6]. Group 3: Dealer Managers and Agents - Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and U.S. Bancorp Investments, Inc. are acting as Dealer Managers for the tender offer [4]. - Global Bondholder Services Corporation is serving as the depositary agent and information agent for the tender offer [4].