Leidos (LDOS) Raises $1.39 Billion in Notes

Leidos Holdings, Inc. (NYSE:LDOS) is one of the 11 Best Stocks You’ll Wish You Bought Sooner.

Leidos (LDOS) Raises $1.39 Billion in Notes

On March 2, 2026, Leidos Holdings, Inc. (NYSE:LDOS) raised approximately $1.387 billion through an unsecured offering of senior notes maturing in 2029 and 2036. The company aims to use the proceeds to fund the acquisition of KENE Parent, Inc., the parent company of Entrust. The notes were managed under a 2020 indenture with Citibank. To safeguard the interests of bondholders and highlight its acquisition-based growth strategy, the notes include a special mandatory redemption clause at 101% of principal if the transaction is not finalized by mid-August 2026. While the debt issuance is not strictly contingent on the deal’s closure, Leidos maintains strategic flexibility to utilize the proceeds for general corporate purposes, potentially impacting its long-term leverage profile and acquisition-driven growth strategy.

In another development, on March 11, 2026, Leidos Holdings, Inc. (NYSE:LDOS) announced that it had secured a $454.9 million contract to modernize the U.S. Air Force’s Cloud One platform. The company partners with major cloud providers such as Amazon (AMZN) and Google to improve security and automation. This initiative supports the NorthStar 2030 strategy and assists in speeding up the mission-critical cloud adoption across the military.

Founded in 1969, Leidos Holdings, Inc. (NYSE:LDOS) is a Fortune 500 science and technology company with a focus on serving defense, intelligence, civil, and health markets. Based in Virginia, the company offers mission-critical solutions in cybersecurity, data analytics, and systems engineering.

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