8-KMaterial AgreementsFinancial EventsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Material Agreement (Sep 11, 2009)

Filed September 11, 2009For Securities:A

Summary

Agilent Technologies, Inc. has filed an 8-K report detailing an amendment to its existing Five-Year Credit Agreement. Specifically, on September 8, 2009, Agilent entered into an Accession Agreement with Barclays Bank PLC, which was also joined by JPMorgan Chase Bank, N.A. as the administrative agent. This agreement effectively brings Barclays Bank into the existing credit facility. The primary financial impact of this agreement is an increase in Agilent's total borrowing capacity. The maximum amount available for borrowing under the Credit Agreement has been raised from $300 million to $330 million, representing a $30 million increase in available credit. This filing ensures transparency regarding Agilent's debt structure and financing capabilities.

Key Highlights

  • 1Agilent Technologies amended its Five-Year Credit Agreement dated May 11, 2007.
  • 2Barclays Bank PLC joined the Credit Agreement as a lender through an Accession Agreement.
  • 3JPMorgan Chase Bank, N.A. continues to serve as the administrative agent.
  • 4The total borrowing commitments under the Credit Agreement increased from $300 million to $330 million.
  • 5This filing represents an increase of $30 million in Agilent's available credit facility.
  • 6The Accession Agreement was executed on September 8, 2009.
  • 7This action is categorized under Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation) of the 8-K filing.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose Agilent Technologies' entry into an Accession Agreement that amends its existing Five-Year Credit Agreement. This agreement adds Barclays Bank PLC as a party to the credit facility and increases the total available borrowing amount.

The agreement increases Agilent's total borrowing capacity from $300 million to $330 million. This means Agilent now has access to an additional $30 million in credit, which could be used for various corporate purposes, investments, or operational needs.

The key parties involved are Agilent Technologies, Inc. (the borrower), Barclays Bank PLC (a new lender joining the facility), and JPMorgan Chase Bank, N.A. (acting as the administrative agent for the credit facility).

This filing represents an increase in Agilent's *potential borrowing capacity*. It signifies that the company has secured access to a larger credit line. It does not mean Agilent has already borrowed the additional $30 million; it simply means that amount is now available to them under the terms of the credit agreement.