HPE issues $1.5B preferred stock and $8.9B notes to fund Juniper Networks acquisition

Hewlett Packard Enterprise Co

HPE raised $1.46B net from 30M shares of 7.625% Series C Mandatory Convertible Preferred Stock, closing Sept 13, 2024.
HPE raised ~$8.90B net from senior notes across six tranches (4.45%-5.60%) maturing 2026-2054, closing expected Sept 26.
Combined ~$10.36B net proceeds to fund HPE's pending $14B Juniper Networks acquisition, plus fees and debt repayment.
Preferred stock automatically converts to common stock around Sept 1, 2027, at 2.5352-3.1056 shares per $50 share.
If Juniper deal not consummated by Oct 2025, HPE may redeem preferred stock at a make-whole amount.

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