Telos Corporation IPO

11/19/2020

IPO

$253,300,000

We expect to use approximately $109.1 million of the net proceeds we receive from this offering in connection with the ERPS Conversion[...] In addition, we expect to use approximately $30 million of the net proceeds from this offering to fund our acquisition of the outstanding Class B Units of Telos ID [...]We also intend to use approximately $20.8 million of the net proceeds to repay our outstanding senior term loan and subordinated debt. Our senior term loan has a maturity date of January 15, 2021 and accrues interest at the rate of 13% per annum. Our subordinated debt has a maturity date of July 25, 2022 and accrues interest at the rate of 6% per annum.We intend to use the remaining net proceeds for general corporate purposes.

Publicly-held

Security

19886 Ashburn Rd.
Ashburn, VA 20147
USA

Telos Corporation (Nasdaq: TLS) empowers and protects the world's most security-conscious organizations with solutions and services for continuous security assurance of individuals, systems, and information.