By Andrea Heisinger
Omaha, Oct. 24 - Agilent Technologies, Inc. priced an upsized $600 million of split-rated 6.5% 10-year senior notes Wednesday to yield Treasuries plus 222 basis points, an informed source said.
The issue was launched at $500 million.
The notes (Ba1/BBB-/BBB-) were priced at 99.60 to yield 6.555%.
There is a make-whole call at Treasuries plus 35 bps.
Bookrunners were Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
Proceeds will be used for general corporate purposes.
Agilent provides measurement technology and is based in Santa Clara, Calif.
| Issuer: | Agilent Technologies, Inc.
|
| Issue: | Senior notes
|
| Amount: | $600 million, upsized from $500 million
|
| Maturity: | Nov. 1, 2017
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc.
|
| Coupon: | 6.5%
|
| Price: | 99.60
|
| Yield: | 6.555%
|
| Spread: | Treasuries plus 222 bps
|
| Call: | Make-whole at Treasuries plus 35 bps
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 29
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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