KEYS · Keysight Technologies, Inc.

Summary

Keysight Technologies entered into a new $750 million unsecured revolving credit facility maturing April 2031, replacing its 2021 credit agreement.

Key takeaways

• The new $750 million facility is unsecured and extends the company's credit capacity to April 21, 2031.
• The agreement includes an accordion feature allowing for up to an additional $350 million in commitments.
• The prior credit agreement dated July 30, 2021 was amended and restated in its entirety by this new agreement.
• The facility contains customary covenants, including a leverage ratio covenant and restrictions on liens.
• Citibank, N.A. serves as the administrative agent for the syndicate of lenders.