Davis Polk advised SAIC, Inc. on its $750 million Rule 144A/Regulation S debt offering, consisting of $450 million of 4.45% notes due 2020 and $300 million of 5.95% notes due 2040. The notes are fully and unconditionally guaranteed by Science Applications International Corporation, a wholly owned subsidiary of SAIC.

SAIC is a provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. government civil agencies, state and local government agencies, foreign governments and customers in select commercial markets. Their business is focused on solving issues of national and global importance in the areas of defense; intelligence; homeland security; logistics, readiness and sustainment; energy, environment and health.

The Davis Polk corporate team included partner Bruce K. Dallas and associates Stephen Salmon and Zhimin Lin. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa provided tax advice. Associate Catherine L. Martin of the New York office provided Investment Company Act advice. Kimberly Kakade and Brian Pavia were the legal assistants for the transaction. Unless otherwise indicated, all members of the Davis Polk team are based in the Menlo Park office.