Shearman And Sterling

News December 06, 2018

$2.52 Billion Acquisition Financing for Science Applications International

Shearman & Sterling advised Citibank, N.A., as administrative agent, on a $2.52 billion financing for Science Applications International Corporation in connection with its pending acquisition of Engility Holdings, Inc., consisting of (i) a $1.05 billion term loan B facility, (ii) a $1.07 billion term loan A facility and (iii) a $200 million revolving credit facility (to be increased by an additional $200 million upon the closing of the acquisition).

Science Applications International Corporation provides technical, engineering and enterprise information technology (IT) services in the United States.

The Team