We are advising Leidos on the financing

Davis Polk is advising Leidos in connection with a $1.4 billion senior unsecured 364-day bridge loan facility available for use in connection with its $2.4 billion acquisition of ENTRUST Solutions Group from Kohlberg.

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025.

ENTRUST Solutions Group’s more than 3,100 professionals across over 40 locations in North America provide comprehensive and dependable engineering, consulting, design, asset integrity, data solutions and automation services to utilities, operators and industrial customers with excellence from start to finish.

The Davis Polk finance team includes partner Scott M. Herrig and counsel Christopher D. Milla. The corporate team includes partners William J. Chudd and Lee Parnes, counsel Dmitriy Molchanov and associate Willa Lu. The capital markets team includes partner Shane Tintle and counsel Steven Glendon. All members of the Davis Polk team are based in the New York office.

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