Keysight Technologies Issues Debt and Equity Offerings to Finance Pending Acquisition of Ixia

Cleary Gottlieb acted as counsel to the issuer in two registered public offerings by Keysight Technologies, Inc. to finance, in part, its previously announced acquisition of Ixia and certain related transactions and financing expenses.

Cleary represented Keysight in its registered public offering of 13,142,856 common shares at a public offering price of $35 per share, which included 1,714,285 common shares issued and sold pursuant to the full exercise of the underwriters’ over-allotment option. The offering, expected to net proceeds of approximately $442.2 million, priced on March 22, 2017, and closed on March 28, 2017.

The firm is also representing Keysight in its registered public offering of $700 million aggregate principal amount of its senior unsecured fixed rate notes. The offering priced on March 28, 2017, and is expected to close on April 6, 2017.