|By Business Wire||
|June 12, 2014 04:11 PM EDT||
Agilent Technologies Inc. (NYSE: A) today announced it will redeem all of its outstanding 5.50 percent senior notes due September 2015 on July 14, 2014, the redemption date. This decision is consistent with Agilent’s intention to resize its debt portfolio in connection with the expected spinoff of Keysight Technologies.
The redemption price is equal to the sum of the principal amount of the notes outstanding—a make-whole premium that will be calculated three business days prior to the redemption date in accordance with the related indenture—and accrued and unpaid interest on the notes up to but not including the redemption date. The aggregate principal amount of notes currently outstanding is $500 million.
This is not an offer to sell or a solicitation of an offer to buy any securities.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world’s premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The company’s 20,600 employees serve customers in more than 100 countries. Agilent had revenues of $6.8 billion in fiscal 2013. Information about Agilent is available at www.agilent.com.
On Sept. 19, 2013, Agilent announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company is named Keysight Technologies, Inc. The separation is expected to be completed in early November 2014.
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding the company’s expected redemption of senior notes, debt portfolio and the separation of Agilent and Keysight. These forward-looking statements involve risks and uncertainties that could cause Agilent’s results to differ materially from management’s current expectations. Such risks and uncertainties are detailed in Agilent’s filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2014. Forward-looking statements are based on the beliefs and assumptions of Agilent’s management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available at www.agilent.com/go/news.
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