Deals
HP Said to Sell $14.6 Billion in Bonds to Back Company Split
- Note sale comes day after bond issuance came to a halt
- Securities will facilitate separation of Hewlett-Packard
This article is for subscribers only.
Hewlett-Packard Co. raised $14.6 billion in the bond market to facilitate its split into two companies in the corporate bond market’s first major offering this week.
Hewlett Packard Enterprise, which will supply businesses with high-end technology once it’s separated from the printer and PC segment later this year, issued the notes in as many as nine parts, according to a person with knowledge of the offering. The deal comes after issuance of company debt came to a halt Tuesday, capping off the worst September for global sales in four years.