RESTON, Va. - CACI International Inc (NYSE: CACI), with a market capitalization of $10.5 billion and annual revenue of $8.4 billion, has initiated a $750 million offering of unsecured senior notes with a 2033 maturity date, according to a company statement released today. The defense and information technology company intends to use the proceeds to reduce the current debt under its revolving credit facility.
The 2033 Notes will be backed by guarantees from CACI’s subsidiaries that already have borrowing or guarantee obligations under the company’s senior credit facilities. This offering is targeted at qualified institutional buyers in the U.S. and certain non-U.S. investors in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. According to InvestingPro data, CACI maintains strong liquidity with a current ratio of 1.58, indicating solid ability to meet short-term obligations.
The newly issued 2033 Notes have not been registered under the Securities Act and, as such, cannot be sold within the United States absent an exemption from or registration under the Act. CACI has made it clear that this announcement does not constitute an offer to sell the notes, nor a solicitation of an offer to buy any securities in any jurisdiction where such activity would be unlawful without registration or qualification under the applicable securities laws.
CACI, known for its role in national security and technology services, employs approximately 25,000 people. The company prides itself on its innovative solutions and has been recognized as a Fortune World’s Most Admired Company. CACI is also listed in the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
The press release included a standard disclaimer about forward-looking statements, cautioning that such statements are subject to various factors that could cause actual results to differ from those projected. The disclaimer advises investors to consider the risk factors outlined in CACI’s most recent Form 10-K and other SEC filings.
This financial move comes as CACI continues to maintain its presence in the defense and IT sectors, offering an array of services and solutions geared towards national security. The information is based on a press release statement from CACI International Inc.
In other recent news, CACI International reported impressive third-quarter fiscal year 2025 earnings, surpassing market expectations with an adjusted diluted EPS of $6.23, beating the forecast of $5.6. The company’s revenue reached $2.2 billion, exceeding the predicted $2.13 billion, marking an 11.8% increase year-over-year. The company also raised its fiscal year 2025 guidance for revenue and adjusted EPS, projecting revenue between $8.55 billion and $8.65 billion and adjusted EPS between $24.24 and $24.87. Strong demand in national security sectors played a significant role in bolstering CACI’s performance.
In other developments, Cantor Fitzgerald maintained an Overweight rating on CACI, with a $535 price target, citing the company’s robust bookings as a mitigating factor against potential downturns. The firm expressed confidence in CACI’s growth, margin, and capital deployment strategies, which are expected to deliver strong free cash flow per share. Analysts noted that CACI’s ability to raise growth targets might be hindered by the unpredictable nature of government budgeting processes.
CACI’s strategic investments and cost management have been commended, particularly in the integration of technology acquisitions. Despite some concerns over growth and regulatory reviews, the company’s performance has been resilient, with a strong pipeline of $17 billion in bids under evaluation. The company remains focused on software-defined capabilities, aligning with government priorities, and continues to engage with customers to address national security needs.
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