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DXC Technology gives pricing for two series of 4.45% notes due 2022
By Taylor Fox
New York, March 22 – DXC Technology Co. priced its offer to purchase for cash any and all $274.47 million outstanding 4.45% senior notes due 2022 (Cusip: 23355LAA4) and any and all of wholly owned subsidiary Computer Sciences Corp.’s $170,795,000 outstanding 4.45% senior notes due 2022 (Cusip: 205363AN4), according to a news release.
Holders who tender notes accepted for purchase will receive the consideration of $1,057.27 per $1,000 of notes with pricing based on the 1.5% U.S. Treasury note due Sept. 15, 2022 plus 45 basis points, plus interest.
The companies will redeem all of the remaining notes on April 15.
Pricing was set at 3 p.m. ET on March 22.
The offers will expire at 5 p.m. ET on March 22.
The settlement date is expected to be March 23.
The guaranteed delivery time is expected to be 5 p.m. ET on March 24 with guaranteed delivery settlement on March 25.
MUFG Securities Americas Inc. (877 744-4532, 212 405-7481) is the tender agent, and Global Bondholder Services Corp. (866 470-3700, 212 430-3774; contact@gbsc-usa.com) is the information agent.
Based in McLean, Va., DXC provides digital information technology services and solutions.
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