Leidos Holdings Inc. (LDOS) said Thursday its unit Leidos Inc. has started an offer to buy for cash its outstanding 3.625% senior notes due 2025, which have a principal amount outstanding of $500 million.
The tender offer is expected to expire on Feb. 20, the company said.
The tender offer is subject to the satisfaction of some conditions, like the successful completion by Leidos of an offering of new senior notes, the company said.
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