CACI International announced the successful closing of its $1.0 billion offering of 6.375% unsecured senior notes due in 2033. This offering was upsized by $250 million from its initial announcement, indicating strong market demand.
The proceeds from these senior notes were used to partially repay amounts outstanding under CACI's revolving credit facility. This strategic financial move helps to optimize the company's debt structure.
The completion of this large-scale financing event enhances CACI's financial flexibility and stability. It reflects confidence in the company's long-term outlook and its ability to manage its capital effectively.
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