DXC Capital Funding €1.35 billion senior notes offering
Davis Polk advised the representatives of the several initial purchasers in connection with the Rule 144A / Regulation S offering by DXC Capital Funding DAC, an indirect subsidiary of DXC Technology Company, of €750 million aggregate principal amount of 0.450% senior notes due 2027 and €600 million aggregate principal amount of 0.950% senior notes due 2031. The notes are guaranteed by DXC Technology Company and DXC Luxembourg International S.à r.l, the direct parent of DXC Capital Funding DAC.
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, counsel Jeffrey S. Ramsay and associates Clare Conroy and Christian Knoble. Partner 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. All members of the Davis Polk team are based in the New York office.