01—Abstract
Summary
Summary of the 8-K filed April 11, 2025. Cited figures are marked; the original filing is the authoritative source.
Keysight Technologies, Inc. (KEYS) announced on April 11, 2025, that it has entered into an underwriting agreement to issue and sell $750,000,000a aggregate principal amount of 5.350% Notes due 2030.
This offering is being conducted under an effective registration statement previously filed with the SEC. The closing of the offering is anticipated to occur on April 17, 2025, contingent upon the fulfillment of customary closing conditions. This debt issuance represents a significant capital-raising event for Keysight.
Investors should note the specific terms of the Notes, including the 5.350%b coupon rate and the 2030 maturity date. The use of proceeds from this offering is not detailed in this filing, but such debt issuances are typically used for general corporate purposes, potential acquisitions, or to refinance existing debt. The company has engaged prominent underwriters, including BNP Paribas Securities Corp., Citigroup Global Markets Inc., and BofA Securities, Inc., to facilitate this offering.
02—Key points
Key Highlights
- Keysight Technologies, Inc. is issuing $750 million in aggregate principal amount of 5.350% Notes due 2030.
- The offering is being conducted under an effective registration statement filed with the SEC.
- The underwriting agreement was entered into on April 10, 2025, with the filing made on April 11, 2025.
- The expected closing date for the note offering is April 17, 2025.
- The offering is subject to customary closing conditions.
- Key underwriters include BNP Paribas Securities Corp., Citigroup Global Markets Inc., and BofA Securities, Inc.
03—Questions
Frequently Asked Questions
What is the principal amount and interest rate of the notes being issued?
Keysight is issuing $750,000,000 aggregate principal amount of notes with a fixed interest rate of 5.350%.
When are these notes set to mature?
The notes are due in the year 2030.
What is the purpose of this debt issuance?
The filing does not explicitly state the purpose of the debt issuance. However, such offerings are typically used for general corporate purposes, to fund strategic initiatives, for potential acquisitions, or to refinance existing debt obligations.
Who are the underwriters for this offering?
The underwriters for this offering include BNP Paribas Securities Corp., Citigroup Global Markets Inc., and BofA Securities, Inc., acting as representatives of the underwriters.
04—Continue