Davis Polk advised DXC Technology Company in connection with a €400 million unsecured term loan facility. The term loan is scheduled to mature on May 10, 2019. The proceeds of the term loan will be used to repay certain indebtedness.
DXC is an end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the spin-off of DXC, which holds the Enterprise Services business of Hewlett Packard Enterprise, by HPE and the merger of Computer Sciences Corporation with a wholly owned subsidiary of DXC on April 1, 2017, DXC serves nearly 6,000 private and public sector clients across 70 countries.
The Davis Polk credit team included partner Lawrence E. Wieman and associate Vanessa L. Jackson. All members of the Davis Polk team are based in the New York office.