CACI International upsizes senior notes offering to $1 billion

RESTON, Va. - CACI International Inc (NYSE: CACI), currently trading at $472.44 with a market capitalization of $10.4 billion, has upsized its senior notes offering to $1 billion, an increase of $250 million from its initial announcement. The notes, with a 6.375% interest rate and maturing on June 15, 2033, are slated to be issued at par value. The closing of the offering is anticipated for June 2, 2025, subject to the satisfaction of customary closing conditions. According to InvestingPro data, CACI maintains strong liquidity with a current ratio of 1.58, indicating robust ability to meet its short-term obligations.

The company has declared its intention to use the net proceeds from the offering to reduce the amounts outstanding under its revolving credit facility. The 2033 Notes will be guaranteed on a senior unsecured basis by CACI’s subsidiaries that are borrowers or guarantors under its senior credit facilities.

The offering of the 2033 Notes is targeted at qualified institutional buyers in the United States in accordance with Rule 144A and to non-U.S. persons outside of the United States in compliance with Regulation S, both under the Securities Act of 1933, as amended. These notes have not been registered under the Securities Act and, therefore, may not be offered or sold in the U.S. without registration or an exemption from the registration requirements.

CACI International, recognized as a Fortune World’s Most Admired Company, operates with a workforce of 25,000, focusing on providing national security solutions and advanced technology. The company is also listed on the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.

It should be noted that this press release contains forward-looking statements that are subject to various factors which could cause actual results to differ from those projected. InvestingPro identifies several key metrics and trends for CACI, with 9 additional ProTips available to subscribers, helping investors make more informed decisions. Interested parties are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.

This news article is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any security.

In other recent news, CACI International Inc. reported its third-quarter fiscal year 2025 earnings, surpassing market expectations with an adjusted diluted EPS of $6.23, compared to the forecasted $5.6. The company also reported revenue of $2.2 billion, exceeding the anticipated $2.13 billion. Following the earnings release, CACI raised its fiscal year 2025 guidance for both revenue and adjusted EPS. In addition, CACI launched a $750 million offering of unsecured senior notes with a 2033 maturity date, aiming to reduce debt under its revolving credit facility.

Cantor Fitzgerald maintained an Overweight rating on CACI stock, with a $535.00 price target, citing the company’s robust bookings as a mitigating factor against potential downturns. Analysts at the firm expressed confidence in CACI’s margin expectations for FY27, noting the company’s focus on cost management and strategic investments. The analysts also highlighted the company’s successful integration of technology acquisitions and its strategic positioning to deliver strong free cash flow per share.

These recent developments reflect CACI’s continued strong performance in its core sectors and its strategic initiatives to strengthen its financial position and market presence.

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