secwatch.observer — SEC 8-K summary
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Issuer:     HP INC (HPQ)
CIK:        0000047217
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000047217-24-000063
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HP Inc. enters $5B sustainability-linked revolver, replaces existing facility
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- New 5-year $5B revolving credit facility, expandable by $1B, matures Aug 1, 2029.
- Sustainability pricing adjustment: interest margins and fees tied to digital equity and product circularity targets.
- Prior $5B facility (due May 2026) terminated concurrently with no early termination penalties.
- Covenants include max consolidated total debt/EBITDA of 4.0:1.0; borrowings in USD, EUR, GBP.
- JPMorgan Chase is administrative agent; BNP Paribas is sustainability structuring agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47217/000004721724000063/0000047217-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47217/000004721724000063/hpq-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000047217-24-000063

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