Simpson Thacher recently represented the underwriters in connection with HP Inc.’s registered public offering of $500 million aggregate principal amount of 5.400% notes due 2030 and $500 million aggregate principal amount of 6.100% notes due 2035.
HP intends to use the net proceeds from the offering for general corporate purposes, which may include repayment and refinancing of debt (including the repayment of its 2.200% notes due June 2025 at maturity).
HP is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming and other related technologies.
The Simpson Thacher team included Jonathan Ozner, Katharine Thompson, Brice Stewart and Katherine Sparkman (Capital Markets); Corina Holland (IP); Michael Mann (Tax); Pasco Struhs (ECEB); and Jennie Getsin (Blue Sky).