DXC Technology Announces Full Redemption and Delisting of Senior Notes Due 2026
DXC Technology Announces Redemption and Delisting of Senior Notes
On December 9, 2025, DXC Technology Company (NYSE: DXC), a leading global provider of information technology services, announced plans pertaining to its outstanding senior notes due 2026. The company intends to fully redeem €650 million of its 1.750% Senior Notes and partially redeem $300 million of its 1.800% Senior Notes.
Redemption Plans
The redemption involves two phases:
1. Full Redemption of Euro Notes: DXC intends to completely redeem all €650 million aggregate principal amount of its outstanding 1.750% Senior Notes, which is due in January 2026. This decision marks a pivotal step in DXC’s commitment to managing its debt effectively, as the total redemption is set to occur on December 24, 2025.
2. Partial Redemption of USD Notes: The company also plans a partial redemption for $300 million of its 1.800% Senior Notes, with a redemption date established for December 19, 2025.
Details of Redemption Prices
The redemption price for the 1.750% Euro Notes will amount to 100% of the principal, in addition to any accrued and unpaid interest up to the date of redemption. Post these transactions, the Euro Notes will be officially delisted from the New York Stock Exchange, and all rights of the holders, aside from the redemption price entitlement, will cease.
In a similar manner, the redemption price for the 1.800% USD Notes consists of the principal, plus a specified make-whole premium outlined in the indenture governing the notes, and any accrued interest until the redemption date. It's imperative to note that no interest will accrue on these notes once they have been redeemed.
Notice of Redemption
DXC Technology is expected to issue notices of redemption to the holders of both the Euro and USD notes on the same day as the announcement, with separate redemption dates. It is critical to recognize that this announcement does not constitute a formal notice of redemption for either set of notes. The provisions also ensure compliance with securities laws, reaffirming that no securities will be offered or sold in any unauthorized jurisdiction.
Understanding DXC Technology
DXC Technology is a globally recognized entity known for delivering a comprehensive range of IT services. With a reputation for innovation, DXC partners with numerous organizations around the world, aiding them in enhancing their processes and adapting to evolving market dynamics. The company specializes in areas such as engineering, consulting, and integration of artificial intelligence into operational frameworks, which illustrates its position as a leader in the IT landscape.
This recent initiative reflects DXC's commitment to maintaining financial health while navigating the complexities of the technology sector. By managing its debt strategically, DXC not only optimizes its balance sheet but also positions itself for future growth opportunities.
As the market watches these developments closely, it is clear that DXC Technology is making calculated moves to enhance its financial standing and operational capabilities. Investors and stakeholders will likely keep a keen eye on the outcomes of these redemption plans.