Leidos raises $1.39 billion in notes

What happened: On March 2, 2026, Leidos Holdings, Inc. (NYSE:LDOS) raised approximately $1.387 billion through an unsecured offering of senior notes maturing in 2029 and 2036. The company aims to use the proceeds to fund its acquisition of L3Harris Technologies' security detection and automation businesses. Separately, on April 6, Skeena Resources Ltd. (SKE, SKE.TO) priced $750 million of 8.5% senior secured notes due 2031.

Market impact: The debt issuances by Leidos and Skeena signal increased capital expenditure in the defense and mining sectors respectively. For Leidos, this could lead to enhanced service offerings and potential market share expansion in the defense and intelligence markets. For Skeena, it may accelerate project development and exploration activities, driving demand for mining-related services and supplies.

What to watch next: Leidos' acquisition of L3Harris' security detection and automation businesses is slated to close in Q2 2026, pending regulatory approval. Investors should monitor this progress and Leidos' earnings report on May 10, 2026, for updates on the acquisition's impact on financials. Additionally, Skeena's note offering is expected to close on April 10, 2026, with proceeds earmarked for project development. Upcoming mining sector developments and Skeena's exploration updates will provide further clarity on the company's growth trajectory.