Keysight restates $750 million five-year revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – Keysight Technologies, Inc. amended and restated its credit agreement with Citibank, NA as administrative agent on July 30 to provide for a $750 million five-year unsecured revolver, according to an 8-K filing with the Securities and Exchange Commission.

An accordion feature allows the borrower to request to increase the total commitments by up to $250 million.

The credit agreement will expire on July 30, 2026, and it restates the credit agreement dated Feb. 15, 2017.

Citibank, BNP Paribas Securities Corp. and BofA Securities, Inc. are the joint lead arrangers and bookrunners.

Bank of America, NA is the syndication agent.

Borrowings bear interest at Libor, CDOR or Euribor plus a margin ranging from 79.5 basis points to 130 bps, and the facility fee ranges from 8 bps to 20 bps, both depending on ratings.

Proceeds may be used for general corporate purposes.

Keysight is a Santa Rosa, Calif.-based electronic measurement technology company.

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