CACI International Inc. Files 8-K: Material Agreement & Financial Disclosures

TL;DR

CACI filed an 8-K on Oct 30, 2024, detailing a material definitive agreement and financial disclosures.

AI Summary

On October 30, 2024, CACI International Inc. entered into a Material Definitive Agreement related to a financial obligation. The company also made a Regulation FD disclosure and filed financial statements and exhibits as part of this 8-K filing.

Why It Matters

This filing indicates CACI International Inc. has entered into a significant agreement that could impact its financial obligations and operations, requiring investor attention.

Risk Assessment

Risk Level: medium — Material definitive agreements and financial disclosures can signal significant business developments or obligations that may affect the company's financial health and stock performance.

Key Players & Entities

• CACI International Inc (company) — Filer of the 8-K report
• October 30, 2024 (date) — Date of the earliest event reported
• 0000016058-24-000207 (filing_id) — Accession number for the filing

FAQ

Key Financial Figures

• $750 million — B Facility provides for a term loan of $750 million with a maturity date of October 30, 203
• $1.275 billion — LLC for an aggregate purchase price of $1.275 billion in cash, subject to a customary post-cl

Filing Documents

• caci-20241030.htm (8-K) — 32KB
• caci-tlbxcreditagreement.htm (EX-10.1) — 1380KB
• 0000016058-24-000207.txt ( ) — 1775KB
• caci-20241030.xsd (EX-101.SCH) — 2KB
• caci-20241030_lab.xml (EX-101.LAB) — 21KB
• caci-20241030_pre.xml (EX-101.PRE) — 12KB
• caci-20241030_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 30, 2024, CACI International Inc and certain of its subsidiaries ( the "Company") entered into a Credit Agreement with the lenders named therein and JPMorgan Chase Bank, N.A., as administrative agent (the "Term Loan B Facility"). The Term Loan B Facility provides for a term loan of $750 million with a maturity date of October 30, 2031. The proceeds of the Term Loan B Facility were used to partially finance the acquisition of Azure Summit Technology, LLC. The obligations under the Term Loan B Facility are secured by substantially all of the assets of the Company and its material domestic subsidiaries and guaranteed by the material domestic subsidiaries of the Company, in each case, subject to customary exceptions. At any time and subject to certain customary conditions set forth in the definitive documentation in respect of the Term Loan B Facility, the Company has the right, on one or more occasions, to increase the aggregate principal amount of the Term Loan B Facility, incur additional term loan facilities, or incur other incremental equivalent indebtedness. The interest rate applicable to the loans under the Term Loan B Facility is a floating rate equal to either a base rate or a rate that is based on Term SOFR plus, in each case, an applicable margin. The Term Loan B Facility requires the Company to comply with certain customary negative covenants that restrict or limit our ability to guarantee or incur additional indebtedness, grant liens or other security interests to third parties, make loans or other investments, transfer or dispose of assets, declare dividends, redeem or repurchase capital stock or make other distributions in respect of capital stock, prepay certain subordinated indebtedness and engage in mergers, acquisitions or other business combinations, in each case, except as expressly permitted under the Term Loan B Facility. Capitalized terms not otherwise defined herein have t

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 30, 2024, CACI TechWorx, Inc., a subsidiary of the Company, completed the previously announced acquisition of Azure Summit Technology, LLC for an aggregate purchase price of $1.275 billion in cash, subject to a customary post-closing purchase price adjustment for working capital and certain other items.

01 Financial Statement and Exhibits

Item 9.01 Financial Statement and Exhibits. Exhibit Number Description 10.1 Credit Agreement, dated October 30, 2024, by and among CACI International Inc, JPMorgan Chase Bank, N.A., as administrative agent, and each of the lenders named therein . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CACI International Inc Date: November 5, 2024 By: s/ J. William Koegel, Jr. J. William Koegel, Jr. Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR