Davis Polk advised DXC Technology Company in connection with the addition of $120 million of incremental revolving commitments under DXC’s existing revolving credit facility. The incremental revolving commitments were provided by certain incremental lenders. The addition of the incremental revolving commitments resulted in an increase in the aggregate outstanding size of the revolving credit facility from $3.69 billion to $3.81 billion.
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 finance team included partners Lawrence E. Wieman and associates Vanessa L. Jackson and Phoebe Jin. All members of the Davis Polk team are based in the New York office.