Simpson Thacher Represents Initial Purchasers in $1.1 Billion Debt Offering by Keysight Technologies, Inc.
10.15.14
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Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the private placement of an aggregate principal amount of $500 million 3.300% Senior Notes due 2019 and $600 million 4.550% Senior Notes due 2024 by Keysight Technologies, Inc. in connection with its separation from its parent, Agilent Technologies, Inc.
The proceeds from the offering are expected to be used to make a cash distribution to Agilent and to fund working capital and other liquidity needs.
Keysight provides electronic measurement solutions to the communications and electronics industries.
The Simpson Thacher team included Bill Hinman, Dan Webb, Cara Angelmar and Stephanie Richards (Capital Markets); Jason Vollbracht (Tax); Jeffrey E. Ostrow, Benjamin Stern and Linda Nyberg (Intellectual Property); Alexis Coll-Very and Colman McCarthy (Regulatory); and Jennie Getsin (Blue Sky).