Keysight issued $600,000,000 aggregate principal amount of 4.950% Notes due 2034 on October 9, 2024 under its effective shelf registration statement (Form S-3). The notes were sold under an underwriting agreement with BNP Paribas Securities Corp., Citigroup Global Markets Inc. and BofA Securities, Inc., as representatives of the underwriters.

1. 01

   Keysight issued $600,000,000 aggregate principal amount of 4.950% Notes due 2034 on October 9, 2024 under its effective shelf registration statement (Form S-3). The notes were sold under an underwriting agreement with BNP Paribas Securities Corp., Citigroup Global Markets Inc. and BofA Securities, Inc., as representatives of the underwriters.

2. 02

   Keysight said it plans to use the net proceeds from the notes for general corporate purposes, including repaying the outstanding $600,000,000 of 4.550% Senior Notes due 2024, which mature on October 30, 2024.

3. 03

   The company said the notes bear interest at 4.950% per year, payable semi-annually in arrears on April 15 and October 15, with the first interest payment on April 15, 2025, and mature on October 15, 2034. The notes are unsecured, unsubordinated obligations and rank equally in right of payment with all of its existing and future unsecured, unsubordinated obligations.

4. 04

   The company said that if the Notes are redeemed before July 15, 2034 (the Par Call Date), it will pay the greater of a price based on the treasury rate plus 20 basis points, discounted to the redemption date, or 100% of principal, in each case plus accrued and unpaid interest. It also said that upon certain change of control events, it must offer to repurchase the Notes at 101% of principal, plus accrued and unpaid interest.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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