Agilent Technologies Announces Pricing of $500 Million of Senior Notes
September 05 2019 - 5:50PM
Business Wire
Agilent Technologies, Inc. (NYSE: A) today announced the pricing
of an underwritten, registered public offering of a series of its
senior notes in an aggregate principal amount of $500 million. The
offering is being conducted under an automatic shelf registration
statement on file with the Securities and Exchange Commission. The
notes will mature in September 2029 and will bear interest at an
annual rate of 2.750 percent. The offering is expected to close on
September 16, 2019, subject to customary closing conditions.
The estimated net proceeds of the offering are expected to be
approximately $492.8 million. Agilent intends to use the net
proceeds from the offering and cash on hand to fund the redemption
of its outstanding 5.00% senior notes due 2020.
Barclays Capital Inc., J.P. Morgan Securities LLC and MUFG
Securities Americas Inc. are acting as joint book-running
managers.
Copies of the prospectus supplement and the accompanying
prospectus relating to the offering can be obtained from:
Barclays Capital Inc. 745 Seventh Avenue New York, NY
10019 Telephone: (888) 603-5847
J.P. Morgan Securities LLC 383 Madison Avenue New York,
NY 10179 Telephone: (212) 834-4533
MUFG Securities Americas Inc. 1221 Avenue of the
Americas, 6th Floor New York, NY 10020-1001 Telephone: (877)
649-6848
Electronic copies of the prospectus supplement and accompanying
prospectus are or will be available for free by visiting EDGAR on
the Securities and Exchange Commission website at www.sec.gov. This
press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the securities nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life
sciences, diagnostics and applied chemical markets. With more than
50 years of insight and innovation, Agilent instruments, software,
services, solutions and people provide trusted answers to
customers’ most challenging questions.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the federal securities laws, including with respect to
the closing of our senior notes offering and the anticipated use of
the net proceeds therefrom. Forward-looking statements are
typically identified by words or phrases such as “will,”
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” “target,” “forecast,” and other words and terms of
similar meaning. These statements are subject to significant risks
and uncertainties, including, without limitation, risks and
uncertainties related to economic, market or business conditions
and satisfaction of customary closing conditions related to the
public offering. No assurance can be given that the securities
offering discussed above will be consummated on the terms described
or at all. Except as required by law, we expressly disclaim any
obligation to publicly revise any forward-looking statements
contained in this news release to reflect the occurrence of events
after the date of this news release.
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Ankur Dhingra +1 408 345 8948 ankur_dhingra@agilent.com
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