HP Inc. Announces Pricing of Senior Notes

Core Viewpoint - HP Inc. has announced a public offering of $1 billion in senior unsecured notes, which includes two series of notes with different maturities and interest rates [1][2]. Group 1: Offering Details - The offering consists of $500 million of 5.400% notes due in 2030, priced at 99.732% of the principal amount, and $500 million of 6.100% notes due in 2035, priced at 99.778% of the principal amount [1]. - The issuance of the notes is expected to close on April 25, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - HP intends to use the net proceeds from the offering for general corporate purposes, which may include repayment and refinancing of existing debt, specifically the repayment of HP's 2.200% notes due in June 2025 at maturity [2]. Group 3: Management and Registration - BNP Paribas Securities Corp., BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities LLC are acting as joint book-running managers for the offering [3]. - The notes are being offered under an effective shelf registration statement previously filed with the SEC, and a preliminary prospectus supplement has been filed and is available on the SEC's website [4]. Group 4: Company Overview - HP Inc. is a global technology leader operating in over 170 countries, providing a wide range of innovative and sustainable devices, services, and subscriptions for personal computing, printing, and more [8].