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Agilent Technologies calls $500 million of 6.5% notes due 2017
By Marisa Wong
Madison, Wis., Sept. 19 – Agilent Technologies Inc. said it will redeem $500 million of its $600 million of outstanding 6.5% senior notes due November 2017 on Oct. 20.
The redemption price will equal the sum of the principal amount of the notes outstanding, a make-whole premium that will be calculated three business days prior to the redemption date and accrued interest up to but not including the redemption date.
The redemption is part of Agilent’s efforts to resize its debt portfolio in connection with the expected spinoff of its electronic measurement business, Keysight Technologies.
U.S. Bank NA is the trustee.
The bio-analytic and electronic measurement technology company is based in Santa Clara, Calif.
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