DXC Technology’s $1.35 Billion Senior Notes Offering

Davis Polk advised the representatives of the several underwriters in the offering.

DXC Technology Company executed the offering of $700 million aggregate principal amount of 1.800% senior notes due 2026 and $650 million aggregate principal amount of 2.375% senior notes due 2028.

BofA Securities, Inc., Citigroup Global Markets, Inc. and J.P. Morgan Securities LLC acted as representatives of the underwriters for the offering.

DXC helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services across the Enterprise Technology Stack to drive new levels of performance, competitiveness and customer experience.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and associates Clare Conroy and Christian Knoble. Mario J. Verdolini and associate Ben Levenback provided tax advice. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate S. Dream Montgomery. 

Involved fees earner: Frank Azzopardi – Davis Polk & Wardwell; Clare Conroy – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Christian Knoble – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC;

Author: Martina Bellini