debt
confidence high
sentiment neutral
materiality 0.50
DXC subsidiary prices €1.35B senior notes at 0.450% and 0.950%
DXC Technology Co
- €750M 0.450% Senior Notes due 2027 priced at 99.846%; €600M 0.950% Senior Notes due 2031 at 99.715%.
- Expected close September 9, 2021; notes guaranteed by DXC and DXC Luxembourg International.
- Proceeds to repay €400M term loan, USD 4.25% notes due 2025, GBP 2.75% notes due 2025, and other senior notes.
- CEO cites extending maturities, reducing borrowing costs; offering size increased to €1.35B on strong demand.