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JPMorgan Chase, Citibank Agent $4.74B Credit Facility for HPE

August 21, 2019, 08:00 AM
Filed Under: Industry News

Hewlett Packard Enterprise has obtained a five-year $4.75 billion revolving credit facility with JPMorgan Chase Bank and Citibank N.A. as co-administrative agents.

According to a report from CRN, the credit facility was unrelated to a recent arbitration award that requires HPE to pay DXC Technology $666 millionas a result of an “accounting” dispute.

“As a normal course of business, we evaluate our credit facility when it comes up for renewal and make adjustments as appropriate in response to the capital market environment,” said an HPE spokesperson. “This is routine for any company of our size.”

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