HP upsizes cash tender offer to ~$1.019B, prices notes at fixed spreads

HP INC

Maximum aggregate purchase price increased to approximately $1.019 billion from $1.0 billion.
Early tender results: $346.6M of 3.400% notes due 2030, $323.8M of 4.200% notes due 2032, $478.4M of 1.450% notes due 2026 tendered.
Notes at Acceptance Priority Levels 4–7 will not be accepted due to oversubscription.
Total consideration per $1,000 principal: $870.53 for 3.400% notes due 2030, $885.49 for 4.200% notes due 2032, $900.06 for 1.450% notes due 2026.
Settlement expected July 27, 2023; withdrawal rights expired as of July 10.

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