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Decision Sciences International Corporation is tapping the debt market in order to secure a refinancing, increase its liquidity, and fund the building of its AI-powered cargo inspection scanning systems as the US ramps up border security efforts, according to documents obtained by 9fin.

As at August 2025, Decision Sciences was seeking senior debt of between $75m-$100m in size, which would replace its existing $45m debt and provide at least $30m to fund working capital. The company is expecting a firm order from US Customs and Border Patrol before the year end, according to the documents.

The expected interest accrual for the senior debt package for Decision Sciences is 12% when cash pay and 15% when PIK, with warrants, per the documents.

The package would include warrants for underlying private common stock. Meanwhile, certain events — such as the sale of medical company affiliate Decision Science Medical in which Decisions Sciences owns 65% with proceeds greater than $100m — would create a premium multiple on investment capital and take out existing debt.