TMCnet News
HPE Announces Closing of Senior Notes Offering by Enterprise Services SubsidiaryPALO ALTO, Calif., March 27, 2017 (GLOBE NEWSWIRE) -- Hewlett Packard Enterprise Company (“HPE”) (NYSE:HPE) today announced that in connection with the proposed merger of its wholly-owned subsidiary Everett SpinCo, Inc. (the “Company”) with Computer Sciences Corporation (“CSC”), the Company has closed its offering of $500 million in aggregate principal amount of 2.875% Senior Notes due 2020, $500 million in aggregate principal amount of 4.250% Senior Notes due 2024 and $500 million aggregate principal amount of 4.750% Senior Notes due 2027 (collectively, the “notes”) in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Company intends to use the net proceeds from this offering to fund a cash payment to HPE in connection with the separation of the Company from HPE and subsequent merger with CSC. Following the proposed merger, the Company will be renamed “DXC Technology Company.” The notes were offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended, and to non-U.S. persons in offshore transactions outside the United States in accordance with Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration r an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Hewlett Packard Enterprise Forward-Looking Statements Editorial contact Kate Holderness [email protected] |