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Leidos10-Q: Debt refinancing

Leidos raises $1.4B in new debt to fund Entrust acquisition, increasing total debt to $6.3B

What happened

To finance the Entrust acquisition, Leidos issued $1.4 billion in new senior notes in March 2026, increasing total debt from $4.6B to $6.3B. This heightened leverage creates pressure to optimize financial performance, manage interest expenses, and ensure the acquisition delivers ROI to service the new debt obligations.

Source

SEC EDGARMay 5, 2026

Quarterly report (Form 10-Q)

Leidos 10-Q

Filing excerpt

In March 2026, we issued and sold $600 million 4.10% and $800 million 5.00% senior unsecured notes maturing in March 2029 and March 2036, respectively.

sec.gov/Archives/edgar/data/1336920/000133692026000169/ldos-20260403.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Debt refinancing

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
04/03
Filed
May 5, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$1.4B (new senior unsecured notes issued to fund acquisition)

Details

CIK
1336920
Accession number
0001336920-26-000169
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Capital available or pressure
Signal category
Financial

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
debtRefinancing

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/6c3259e8-c71e-48f0-967e-7db1b94e8b8c returns this record as JSON. POST /v1/companies/enrich returns every signal for leidos.com.

{
  "signal_id": "6c3259e8-c71e-48f0-967e-7db1b94e8b8c",
  "signal_type": "sec-10q",
  "signal_subtype": "debtRefinancing",
  "detected_at": "2026-05-12T09:24:55.782+00:00",
  "company": {
    "name": "Leidos",
    "domain": "leidos.com"
  },
  "data": {
    "detail": "To finance the Entrust acquisition, Leidos issued $1.4 billion in new senior notes in March 2026, increasing total debt from $4.6B to $6.3B. This heightened leverage creates pressure to optimize financial performance, manage interest expenses, and ensure the acquisition delivers ROI to service the new debt obligations.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "new senior unsecured notes issued to fund acquisition",
      "dollar_millions": 1400
    },
    "summary": "Leidos raises $1.4B in new debt to fund Entrust acquisition, increasing total debt to $6.3B",
    "excerpts": "In March 2026, we issued and sold $600 million 4.10% and $800 million 5.00% senior unsecured notes maturing in March 2029 and March 2036, respectively.",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1336920/000133692026000169/ldos-20260403.htm",
    "filing_date": "2026-05-05",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "04/03",
    "sales_relevance": "Capital available or pressure",
    "signal_category": "financial"
  }
}

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