New Issue: Agilent Technologies prints $300 million 3.05% 10-year notes with 140 bps spread

By Cristal Cody

Eureka Springs, Ark., Sept. 15 – Agilent Technologies, Inc. sold $300 million of 3.05% 10-year senior notes with a spread of 140 basis points over Treasuries on Thursday, according to an FWP filing with the Securities and Exchange Commission.

The notes (/BBB+/BBB+) priced at 99.624 to yield 3.094%.

BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC were the bookrunners.

Proceeds will be used to repay debt under a revolving credit facility due Sept. 15, 2019 and for general corporate purposes. As of July 31, the company had $236 million outstanding on the revolver.

The bio-analytic and electronic measurement technology company is based in Santa Clara, Calif.

Issuer:	Agilent Technologies, Inc.
Amount:	$300 million
Description:	Senior notes
Maturity:	Sept. 22, 2026
Bookrunners:	BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC
Co-managers:	Barclays, HSBC Securities (USA) Inc., Lloyds Securities Inc., Wells Fargo Securities LLC
Coupon:	3.05%
Price:	99.624
Yield:	3.094%
Spread:	Treasuries plus 140 bps
Call features:	Make-whole call before June 22, 2026 at greater of par and Treasuries plus 25 bps; on or after June 22, 2026 at par
Trade date:	Sept. 15
Settlement date:	Sept. 22
Ratings:	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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