Davis Polk advised DXC Technology Company and its United Kingdom subsidiary, CSC Computer Sciences International Operations Limited (“CSC UK”), in connection with a £450 million delayed draw unsecured term loan facility provided to CSC UK. The term loan is guaranteed by DXC and matures on January 15, 2022. CSC UK has the option to request that the commitments under the term loan facility be increased to £550 million if the existing or other lenders are willing to provide such an increase. The proceeds of the term loan will be used to repay certain existing indebtedness and for general corporate purposes.

DXC is a world leading independent, end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. DXC’s technology independence, global talent and extensive partner network deliver transformative digital offerings and solutions that help clients harness the power of innovation to thrive on change.

The Davis Polk finance team included partner Meyer C. Dworkin and associates Vanessa L. Jackson, Phoebe Jin and Stan Yao. Partner Jonathan Cooklin and associate Dominic Foulkes provided English tax advice. Counsel Will Schisa provided OFAC and sanctions advice. Counsel Ann Becchina provided executive compensation advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the New York, London and Washington DC offices.