Hewlett-Packard Company Announces Pricing for Its Any and All Cash Tender Offer
PALO ALTO, CA--(Marketwired - Oct 15, 2015) - Hewlett-Packard Company ("HP Co.") (NYSE: HPQ) today announced the pricing for its previously announced cash tender offer (the "Tender Offer") for its 2.200% notes due December 2015, 2.650% notes due June 2016, 3.000% notes due September 2016, 3.300% notes due December 2016, 5.40% notes due March 2017, 2.600% notes due September 2017 and 5.50% notes due March 2018 (collectively, the "Notes").
The Tender Offer is being made pursuant to an Offer to Purchase, dated September 30, 2015 (the "Offer to Purchase"), and related Letter of Transmittal (the "Letter of Transmittal"), which set forth a description of the terms and conditions of the Tender Offer.
The consideration to be paid in the Tender Offer for each series of Notes has been determined in the manner described in the Offer to Purchase by reference to a fixed spread over the yield to maturity of the applicable Reference U.S. Treasury Security specified in the table below and in the Offer to Purchase (the "Tender Offer Yield"). Holders who validly tendered and did not validly withdraw Notes at or prior to the Early Tender Deadline (as defined below) that are accepted for purchase will receive the applicable "Total Consideration" listed in the table below, which includes an early tender payment of $30.00 per $1,000 principal amount of Notes accepted for purchase (the "Early Tender Premium"). In addition, holders whose Notes are accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest on their purchased Notes from the last interest payment date for such Notes to, but excluding, the settlement date.
Title of Security | CUSIP Number | Principal Amount Outstanding | Reference Security | Reference Treasury Yield | Fixed Spread | Total Consideration |