New Issue: Agilent Technologies prices $500 million 2.75% 10-year notes with 127 bps spread

By Rebecca Melvin

New York, Sept. 5 – Agilent Technologies, Inc. priced $500 million of 2.75% 10-year senior notes at 99.316 on Thursday to yield 2.829%, or a spread over Treasuries of 127 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa2/BBB+/BBB+) were sold via bookrunners Barclays, J.P. Morgan Securities LLC and MUFG.

Proceeds will be used to fund the redemption of the company’s outstanding 5% senior notes due 2020. Any remaining proceeds will be used for general corporate purposes.

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

Issuer:	Agilent Technologies, Inc.
Amount:	$500 million
Description:	Senior notes
Maturity:	Sept. 15, 2029
Bookrunners:	Barclays, J.P. Morgan Securities LLC and MUFG
Co-managers:	Academy Securities, Inc., Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and KeyBanc Capital Markets Inc.
Coupon:	2.75%
Price:	99.316
Yield:	2.829%
Spread:	Treasuries plus 127 bps
Call features:	Make-whole call before June 15, 2029 at greater of par and Treasuries plus 20 bps, thereafter at par
Trade date:	Sept. 5
Settlement date:	Sept. 16
Ratings:	Moody’s: Baa2
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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