Keysight Technologies Announces Proposed Public Offering of Senior Unsecured Notes
October 07 2019 - 9:10AM
Business Wire
Keysight Technologies, Inc. (NYSE: KEYS) ("Keysight") announced
today that it has launched a registered public offering of U.S.
$500 million aggregate principal amount of its senior unsecured
fixed rate notes (the "Offering"). The notes will not be guaranteed
by any of Keysight's subsidiaries.
Keysight intends to use the net proceeds from the Offering to
repay its outstanding $500 million of 3.30% senior notes due
October 30, 2019.
BofA Securities, Inc., Citigroup Global Markets Inc. and Wells
Fargo Securities, LLC are the joint lead book-running managers for
the Offering. Barclays Capital Inc., BNP Paribas Securities Corp.,
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities
Inc. are also book-running managers for the Offering.
The Offering is being made pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission ("SEC") and will be made only by means of a prospectus
supplement relating to such Offering and the accompanying base
shelf prospectus, copies of which may be obtained by contacting:
BofA Securities, Inc., Prospectus Department, NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte, NC 28255, telephone:
(800) 294-1322 or by emailing dg.prospectus_requests@baml.com;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800)
831-9146 or by emailing prospectus@citi.com; or Wells Fargo
Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN
55402, Attn: WFS Customer Service, telephone: (800) 645-3751 or by
emailing wfscustomerservice@wellsfargo.com. These documents have
been filed with the SEC and are available at the SEC's website at
www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities, nor shall
there be any sale of these securities, in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state or jurisdiction.
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology
company that helps enterprises, service providers and governments
accelerate innovation to connect and secure the world. Keysight's
solutions optimize networks and bring electronic products to market
faster and at a lower cost with offerings from design simulation,
to prototype validation, to manufacturing test, to optimization in
networks and cloud environments. Customers span the worldwide
communications ecosystem, aerospace and defense, automotive,
energy, semiconductor and general electronics end markets. Keysight
generated revenues of $3.9B in fiscal year 2018.
Forward-Looking Statements
This communication contains forward-looking statements as
defined in the Securities Exchange Act of 1934 and is subject to
the safe harbors created therein. These forward-looking statements
involve risks and uncertainties that could significantly affect the
expected results and are based on certain key assumptions of
Keysight's management and on currently available information. Due
to such uncertainties and risks, no assurances can be given that
such expectations or assumptions will prove to have been correct,
and readers are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date hereof.
Keysight undertakes no responsibility to publicly update or revise
any forward-looking statement. The forward-looking statements
contained herein include, but are not limited to, Keysight’s
expectations regarding the completion, timing and size of the
proposed offering and use of proceeds. Such risks and uncertainties
include, but are not limited to, market conditions and the
satisfaction of customary closing conditions related to the
proposed offering. The words "intend," "will," and similar
expressions, as they relate to the company, are intended to
identify forward-looking statements.
In addition to the risks above, other risks that Keysight faces
include those detailed in Keysight's filings with the SEC,
including our Form 10-K for the fiscal year ended Oct. 31, 2018 and
Keysight's quarterly report on Form 10-Q for the period ended July
31, 2019.
Source: IR-KEYS
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version on businesswire.com: https://www.businesswire.com/news/home/20191007005509/en/
Jason Kary +1 707-577-6916 jason.kary@keysight.com
Keysight Technologies (NYSE:KEYS)
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