debt
confidence high
sentiment neutral
materiality 0.55
HP Inc. prices $1B senior notes offering: 5.400% notes due 2030 and 6.100% notes due 2035
HP INC
- Priced $500M of 5.400% notes due 2030 at 99.732% of par and $500M of 6.100% notes due 2035 at 99.778%.
- Net proceeds for general corporate purposes, including repayment of 2.200% notes due June 2025 at maturity.
- Closing expected April 25, 2025; joint book-runners include BNP Paribas, BofA, Goldman Sachs, J.P. Morgan, Wells Fargo.
- U.S. Bank Trust appointed successor trustee for future note issuances; BNY Mellon remains trustee for outstanding series.