debt
confidence high
sentiment neutral
materiality 0.50
HP Inc. launches $1.0B cash tender offer for seven series of outstanding notes
HP INC
- Maximum aggregate purchase price of $1.0B (incl. early tender premiums) for seven series of notes maturing 2025-2032.
- Early tender premium of $30 per $1,000 principal for holders tendering by 5:00 PM ET on July 10, 2023.
- Settlement expected on July 27, 2023, subject to conditions; notes tendered after early deadline receive Tender Consideration (excluding early premium).
- Acceptance priority levels (1 highest to 7 lowest) determine order of purchase; proration may apply if aggregate tenders exceed $1.0B.