Keysight Technologies Inc.
04/23/2026 | Press release | Distributed by Public on 04/23/2026 06:45
Financial Obligation (Form 8-K)
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On April 21, 2026, Keysight Technologies, Inc. (the "Company") entered into an Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement") among the Company, as borrower, certain lenders party thereto and Citibank, N.A., as administrative agent (the "Revolver Agent"). The Amended and Restated Credit Agreement amended and restated in its entirety the Company's existing Credit Agreement dated July 30, 2021, by and among the Company, certain lenders party thereto and the Revolver Agent.
The Amended and Restated Credit Agreement provides for, among other things, a $750 million five-year unsecured revolving credit facility (the "Revolving Credit Facility") that will expire on April 21, 2031, subject to extension under certain circumstances described therein. In addition, the Amended and Restated Credit Agreement permits the Company, subject to certain customary conditions, on one or more occasions to request to increase the total commitments under the Revolving Credit Facility by up to $350 million in the aggregate.
The Amended and Restated Credit Agreement includes customary affirmative and negative covenants, including restrictions on the Company's ability to create liens on the Company's assets and the ability of the Company's subsidiaries to incur indebtedness, and a requirement to maintain compliance with specified financial ratios. If the Company breaches any of the covenants and does not obtain a waiver from the lenders, then, subject to applicable cure periods, the Company's outstanding indebtedness could be declared immediately due and payable.
A copy of the Amended and Restated Credit Agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein. The foregoing description does not purport to be complete and is qualified in its entirety by the full text of the Amended and Restated Credit Agreement.
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