Hewlett Packard plans notes in fixed- and floating-rate tranches

Chicago, Sept. 4 – Hewlett Packard Enterprise Co. intends to offer notes in two parts, 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 non-callable.

HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are the bookrunners.

Proceeds will be used to repay the company's $1.1 billion 2.1% notes due 2019, to fund the acquisition of Cray Inc. along with the proceeds from an expected offering of asset-backed notes and for general corporate purposes.

The technology company is based in Palo Alto, Calif.

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