|[June 12, 2014]
Agilent Technologies Calls for Redemption of Outstanding 5.5 Percent Senior Notes Due September 2015
SANTA CLARA, Calif. --(Business Wire)--
Agilent (News - Alert) Technologies Inc. (NYSE: A) today announced it will redeem all
of its outstanding 5.50 percent senior notes due September 2015 on July
14, 2014, the redemption date. This decision is consistent with
Agilent's intention to resize its debt portfolio in connection with the
expected spinoff of Keysight Technologies.
The redemption price is equal to the sum of the principal amount of the
notes outstanding-a make-whole premium that will be calculated three
business days prior to the redemption date in accordance with the
related indenture-and accrued and unpaid interest on the notes up to but
not including the redemption date. The aggregate principal amount of
notes currently outstanding is $500 million.
This is not an offer to sell or a solicitation of an offer to buy any
About Agilent Technologies (News - Alert)
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement
company and a technology leader in chemical analysis, life sciences,
diagnostics, electronics and communications. The company's 20,600
employee serve customers in more than 100 countries. Agilent had
revenues of $6.8 billion in fiscal 2013. Information about Agilent is
available at www.agilent.com.
On Sept. 19, 2013, Agilent announced plans to separate into two publicly
traded companies through a tax-free spinoff of its electronic
measurement business. The new company is named Keysight Technologies,
Inc. The separation is expected to be completed in early November 2014.
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding the company's
expected redemption of senior notes, debt portfolio and the separation
of Agilent and Keysight. These forward-looking statements involve risks
and uncertainties that could cause Agilent's results to differ
materially from management's current expectations. Such risks and
uncertainties are detailed in Agilent's filings with the Securities and
Exchange Commission, including our Quarterly Report on Form 10-Q for the
fiscal quarter ended April 30, 2014. Forward-looking statements are
based on the beliefs and assumptions of Agilent's management and on
currently available information. Agilent undertakes no responsibility to
publicly update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive
news is available at www.agilent.com/go/news.
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