Keysight Technologies prices public offering of senior unsecured notes

Keysight Technologies, Inc. (NYSE: KEYS) has priced its registered public offering of USD 700m aggregate principal amount of its senior unsecured fixed rate notes, the company said.

The notes will not be guaranteed by any of Keysight´s subsidiaries and are being issued at a price equal to 99.873 percent of their face value, with yield to maturity of 4.616 percent.

The offering is expected to close on April 6, 2017, subject to customary closing conditions.

Keysight intends to use the net proceeds, together with the net proceeds from its recent public offering of its common shares, to finance in part the consideration for its previously announced acquisition of Ixia and certain related transactions and financing expenses.

Goldman, Sachs & Co., BNP Paribas, Barclays and Credit Suisse are the joint lead book-running managers for the Offering. BofA Merrill Lynch, Citigroup and Wells Fargo Securities are also book-running managers for the Offering.

Keysight Technologieshelps customers bring breakthrough electronic products and systems to market faster and at a lower cost. Keysight´s solutions go where the electronic signal goes, from design simulation, to prototype validation, to manufacturing test, to optimization in the network. Customers span the worldwide communications ecosystem, Internet infrastructure, aerospace & defense, automotive, semiconductor and general electronics end markets.