IBM Credit to sell two-part offering of fixed-, floating-rate notes

By Devika Patel

Knoxville, Tenn., Nov. 27 – IBM Credit LLC is planning to conduct a two-part sale of notes, according to a 424B3 filing with the Securities and Exchange Commission.

The offering includes one tranche of fixed-rate notes and one tranche of floating-rate notes.

The fixed-rate notes have a make-whole call and then feature a par call. The floaters are non-callable.

HSBC Securities (USA) Inc., RBC Capital Markets LLC, SMBC Nikko Securities America Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes.

The company is a subsidiary of International Business Machines Corp., an information technology and computer company based in Armonk, N.Y.

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