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Hewlett Packard offers fixed-rate, floating-rate notes in two parts
By Devika Patel
Knoxville, Tenn., Sept. 10 – Hewlett Packard Enterprise Co. intends to offer notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be sold in one fixed-rate tranche and one floating-rate tranche.
The fixed-rate notes have a make-whole call and then feature a par call. The floaters are callable at par after one year.
BofA Merrill Lynch, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to repay the company's $1.05 billion 2.85% notes due 2018, to repay its $250 million of floating-rate notes due 2018 and for general corporate purposes.
The technology company is based in Palo Alto, Calif.
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