Deal Structure and Timeline
Leidos plans to finance the acquisition through a mix of debt, cash on hand and commercial paper. The transaction is expected to close by the second quarter of 2026, pending customary closing conditions and regulatory approvals.
Davis Polk & Wardwell LLP is advising Leidos, with partners William Chudd and Lee Parnes leading the team. Ropes & Gray LLP is advising Kohlberg and Entrust, though full counsel details were not immediately available.
