DXC Technology extends revolver, gets $120 million more commitments

By Angela McDaniels

Tacoma, Wash., Oct. 2 – DXC Technology Co. received commitments to extend the maturity date of its revolving credit facility, and some lenders agreed to provide $120 million of incremental commitments, according to an 8-K filing with the Securities and Exchange Commission.

The maturity extension and the incremental commitments will become effective on the anniversary of the closing date of the revolver on Oct. 11.

The incremental commitments will increase the outstanding size of the revolver from $3.69 billion to $3.81 billion. This consists of $3.24 billion under the tranche A facility, which is available to be drawn in U.S. dollars, euros and pounds sterling, and $570 million under the tranche B facility, which is available to be drawn in U.S. dollars, euros, pounds sterling, Japanese yen, Singapore dollars and Australian dollars.

As a result of the extension and the incremental commitments, $3.74 billion of the commitments under the revolver will mature on Jan. 15, 2023 and $70 million of the commitments will mature on Jan. 15, 2021.

Citibank, NA is the administrative agent. Citicorp International Ltd. is the tranche B subagent, and Citibank International plc, London Branch is the swingline subagent.

Based in Tysons, Va., DXC provides digital information technology services and solutions.

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