HP to Sell $1.25 Billion of Senior Unsecured Global Notes
Press release from the issuing company
PALO ALTO, Calif.- June 19, 2002--HP today announced plans to sell $1.25 billion of senior unsecured Global Notes, expected to be split evenly between five and ten-year tranches, pursuant to an effective shelf registration statement (registration statement number 333-83346). Banc of America Securities, Deutsche Bank Securities, and JP Morgan are joint bookrunning managers for this transaction.
HP's existing debt is rated "A3" by Moody's Investors Service, "A-" by Standard & Poor's and "A" by Fitch Ratings, in each case with a negative outlook.
This press release shall not constitute an offer to sell, solicitation of an offer to buy, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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