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AGILENT TECHNOLOGIES, INC. 8-K Report, Corporate Update (Sep 5, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed September 5, 2024
Period End
September 4, 2024
Security
A
In the record · 2016–202610-K1010-Q338-K115

A filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 115 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’17Jul ’17
  2. Leadership change8-K · Jan ’20Jan ’20
  3. Material agreement8-K · Apr ’22Apr ’22
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed September 5, 2024. Cited figures are marked; the original filing is the authoritative source.

Agilent Technologies, Inc. has announced the issuance and sale of $1.2 billiona in aggregate principal amount of senior notes through an underwritten public offering.

The offering consists of $600 millionb of 4.200% Senior Notes due 2027 and $600 million of 4.750% Senior Notes due 2034. These notes are unsecured and will rank equally with other senior unsecured indebtedness of the company. The offering is expected to close on September 9, 2024, subject to customary closing conditions.

02—Key points

Key Highlights

  1. Agilent Technologies is raising $1.2 billion through the issuance of senior notes.
  2. The offering includes two tranches: $600 million of 4.200% Senior Notes due 2027 and $600 million of 4.750% Senior Notes due 2034.
  3. The notes are unsecured and rank equally with other senior unsecured debt.
  4. The 2027 Notes are priced at 99.866% of their principal amount.
  5. The 2034 Notes are priced at 99.638% of their principal amount.
  6. The offering is expected to close on September 9, 2024.
  7. The offering is registered under a Form S-3 and is being underwritten by BofA Securities, J.P. Morgan, Mizuho Securities, and Wells Fargo Securities.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this note issuance?

    While the filing doesn't explicitly state the use of proceeds, companies typically issue debt for general corporate purposes, such as funding operations, capital expenditures, potential acquisitions, or refinancing existing debt. Investors should look to future filings or company communications for more specific details on fund utilization.

  2. What is the total amount Agilent is raising and what are the terms of the notes?

    Agilent is raising a total of $1.2 billion. This is split into $600 million of 4.200% Senior Notes due September 9, 2027, and $600 million of 4.750% Senior Notes due September 9, 2034. Both tranches pay interest semi-annually.

  3. Are these notes secured by any of Agilent's assets?

    No, the filing clearly states that the Notes will be unsecured. This means they are not backed by specific collateral and rank equally in right of payment with all of Agilent's other senior unsecured indebtedness.

  4. When is the expected closing date for this offering?

    The offering is expected to close on September 9, 2024, provided that all customary closing conditions are met.

04—Continue

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