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International Business Machines Corporation (NYSE:IBM) has entered into underwriting agreements for the issuance of multiple series of new debt securities, as revealed by a recent 8-K filing with the Securities and Exchange Commission (SEC). The agreements, dated February 5, 2025, detail the terms for both Euro and USD denominated notes with various maturity dates, encompassing a substantial aggregate principal amount.
The filing indicates that the agreements were made with a consortium of underwriters, including prominent financial institutions such as BNP PARIBAS, Banco Santander (BME:SAN), S.A., and Barclays (LON:BARC) Bank PLC, among others. The Euro Notes and the USD Notes, collectively referred to as the "Notes," were offered through separate prospectus supplements.
Specifically, the USD Notes consist of different series with varying interest rates and maturity dates, ranging from 2.900% notes due in 2030 to 5.700% notes due in 2055. The issuance of these notes is part of IBM ’s broader financial strategy, as the company continues to manage its capital structure and financial obligations.
IBM’s decision to issue these securities reflects a proactive approach to financing and indicates the company’s ongoing efforts to maintain liquidity and fund its operations and potential growth initiatives. The filing also includes opinions and consents from Jane P. Edwards, Vice President, Assistant General Counsel and Secretary of IBM, regarding the Notes.
This financial maneuver comes as IBM continues to navigate the competitive technology landscape, where strategic investments and financial agility are crucial for sustaining growth and innovation.
Investors can access more detailed information regarding the terms and conditions of the Notes on IBM’s website, as the company maintains transparency with its financial and investor-related disclosures. The information is based on a press release statement and the 8-K filing with the SEC.
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