Summary
Agilent Technologies, Inc. has filed an 8-K report detailing the entry into a material definitive agreement for a public offering of senior notes. Specifically, on September 15, 2016, the Company entered into an underwriting agreement to issue and sell $300 million in aggregate principal amount of 3.050% Senior Notes due 2026. This offering, expected to close on September 22, 2016, involves customary representations, covenants, and indemnification obligations between Agilent and the underwriters, including BNP Paribas Securities Corp., Citigroup Global Markets Inc., and Credit Suisse Securities (USA) LLC. The notes will be unsecured, rank equally with other senior unsecured indebtedness, and will mature on September 22, 2026. The company also announced the pricing of this offering via a press release.
Key Highlights
- 1Agilent Technologies priced a $300 million public offering of 3.050% Senior Notes due 2026.
- 2The offering is expected to close on September 22, 2016.
- 3The notes will mature on September 22, 2026.
- 4The notes carry a fixed interest rate of 3.050% per annum, payable semi-annually.
- 5The notes are unsecured and will rank equally with other senior unsecured indebtedness of Agilent.
- 6The underwriting agreement was executed with BNP Paribas Securities Corp., Citigroup Global Markets Inc., and Credit Suisse Securities (USA) LLC.
- 7The offering is being conducted under Agilent's existing Form S-3 registration statement.