8-KMaterial AgreementsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Material Agreement (Jun 10, 2015)

Filed June 10, 2015For Securities:A

Summary

Agilent Technologies, Inc. announced a significant expansion of its unsecured credit facility on June 9, 2015. The company increased its existing $400 million credit facility by an additional $300 million, bringing the total aggregate commitments to $700 million. This facility, originally entered into on September 15, 2014, is set to expire on September 15, 2019. This increase in credit availability provides Agilent with enhanced financial flexibility. Furthermore, the agreement retains the option for Agilent to further increase commitments by an additional $300 million under certain customary conditions, signaling strong lender confidence and potentially supporting future strategic initiatives, such as acquisitions, capital expenditures, or general corporate purposes.

Key Highlights

  • 1Agilent Technologies increased its unsecured credit facility commitments by $300 million.
  • 2The total aggregate commitments under the credit facility now stand at $700 million.
  • 3The credit facility, initially established in September 2014, has an expiration date of September 15, 2019.
  • 4The agreement allows for potential further increases of up to $300 million in aggregate commitments.
  • 5The increase in credit availability enhances Agilent's financial flexibility.
  • 6The modification to the Credit Agreement was formalized through a letter agreement dated June 9, 2015.
  • 7BNP Paribas continues to serve as the Administrative Agent for the facility.

Frequently Asked Questions

This filing primarily announces the material amendment to Agilent Technologies' existing credit agreement, specifically detailing the increase in the credit facility's commitments and reaffirming its terms.

While the filing doesn't explicitly state the reason, increasing a credit facility typically provides a company with greater financial flexibility to fund operations, pursue growth opportunities like acquisitions or capital expenditures, or manage working capital needs.

The aggregate commitments under the credit facility have been increased by $300 million, bringing the total available amount to $700 million.

Yes, the Credit Agreement retains a provision that allows Agilent to further increase commitments under the Facility by up to an additional $300 million in aggregate, subject to certain customary conditions.