Science Applications International Corporation filed an 8-K on August 19, 2026, disclosing that it entered into Amendment No. 6 to its Master Accounts Receivable Purchase Agreement with MUFG Bank, Ltd. on August 14, 2026.

Key Highlights

  • Amendment date: The amendment was executed on August 14, 2026.
  • New facility limit: The amendment allows for the sale of up to $400 million of certain designated eligible receivables with the U.S. government.
  • Prior facility limit: The previous limit under the existing agreement was $300 million.
  • Counterparty: MUFG Bank, Ltd. serves as the purchaser under the agreement.
  • Other terms unchanged: According to the filing, "the remaining material terms in the Existing Purchase Agreement are unchanged."
  • Signed by: Hilary L. Hageman, Executive Vice President, General Counsel and Corporate Secretary, signed on behalf of the company.

Science Applications International Corporation Expands U.S. Government Receivables Sale Facility

Science Applications International Corporation (NASDAQ:SAIC), headquartered in Reston, Virginia, reported that it entered into Amendment No. 6 to its Master Accounts Receivable Purchase Agreement on August 14, 2026. The counterparty to the agreement is MUFG Bank, Ltd., which acts as the purchaser of eligible receivables. The filing was made under Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant).

According to the filing, the amendment increases the limit on the sale of certain designated eligible receivables with the U.S. government from $300 million to $400 million. The company disclosed that all other material terms of the existing agreement remain unchanged. The filing notes that the description of the amendment "does not purport to be complete" and is qualified by reference to the full text of the amendment, filed as Exhibit 10.1.

The inclusion of Item 2.03 in the 8-K indicates the company is treating this arrangement as a direct financial obligation or an off-balance sheet obligation under SEC reporting requirements. The filing was signed by Hilary L. Hageman, Executive Vice President, General Counsel and Corporate Secretary, dated August 19, 2026.

What Was Disclosed

SAIC disclosed an amendment to its receivables purchase agreement with MUFG Bank, Ltd., raising the eligible receivables sale limit from $300 million to $400 million. All other existing agreement terms were reported as unchanged.