CACI International announced the pricing of its offering of $1.0 billion in aggregate principal amount of 6.375% unsecured senior notes maturing in 2033. This represents a $250 million increase from the previously announced size of the offering.
The 2033 Notes will be issued at par and are expected to close on June 2, 2025, subject to customary closing conditions. CACI intends to use the net proceeds from this upsized offering to partially repay amounts outstanding under its revolving credit facility.
The successful pricing and upsizing of this debt offering demonstrate strong investor confidence in CACI's financial health and future prospects. This move will enhance the company's capital structure by converting short-term, potentially variable-rate debt into longer-term, fixed-rate obligations.
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