M&A - Keysight Technologies, Inc.

Form Type: 8-K

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525084343

Filing Summary: On April 17, 2025, Keysight Technologies, Inc. issued $750,000,000 aggregate principal amount of 5.350% Notes due 2030 as part of a plan to partially finance the proposed acquisition of Spirent Communications plc. The Notes were sold under an underwriting agreement and will mature on July 30, 2030, with interest accruing at 5.350% per annum, payable semi-annually. The Company outlines terms for redemption and the implications of a change of control, which requires a repurchase offer at 101% of the principal amount under certain conditions. Additionally, the agreement includes covenants restricting the creation of liens and the ability to merge or consolidate with other entities. The filing includes various indentures and exhibits detailing the Notes and the financial arrangements.