HPE Files 8-K: Material Definitive Agreement & Financials

TL;DR

HPE signed a new deal creating a financial obligation, filing 8-K today.

AI Summary

On September 26, 2024, Hewlett Packard Enterprise Company (HPE) entered into a material definitive agreement related to a financial obligation. The filing also includes other events and financial statements/exhibits.

Why It Matters

This 8-K filing indicates HPE has entered into a significant new agreement that creates a direct financial obligation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• Hewlett Packard Enterprise Company (company) — Registrant
• 0001645590 (company) — Central Index Key
• 473298624 (company) — IRS Number
• DE (company) — State of Incorporation
• 1031 (company) — Fiscal Year End
• 001-37483 (company) — SEC File Number
• 1701 East Mossy Oaks Road (company) — Business Address
• Spring (company) — Business City
• TX (company) — Business State
• 77389 (company) — Business Zip Code

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share HPE NYSE 7.625% Series
• $1,250,000,000 — offering (the "Notes Offering") of (i) $1,250,000,000 in aggregate principal amount of its 4.
• $1,750,000,000 — otes due 2027 (the "2027 Notes"), (iii) $1,750,000,000 in aggregate principal amount of its 4.
• $2,000,000,000 — Notes due 2031 (the "2031 Notes"), (v) $2,000,000,000 in aggregate principal amount of its 5.
• $1,500,000,000 — es due 2034 (the "2034 Notes") and (vi) $1,500,000,000 in aggregate principal amount of its 5.
• $400,000,000 — 2024, the Company elected to redeem all $400,000,000 aggregate principal amount of its outst

Filing Documents

• ny20035638x11_8k.htm (8-K) — 53KB
• ny20035638x11_ex4-2.htm (EX-4.2) — 270KB
• ny20035638x11_ex4-3.htm (EX-4.3) — 294KB
• ny20035638x11_ex4-4.htm (EX-4.4) — 295KB
• ny20035638x11_ex4-5.htm (EX-4.5) — 283KB
• ny20035638x11_ex4-6.htm (EX-4.6) — 296KB
• ny20035638x11_ex4-7.htm (EX-4.7) — 312KB
• ny20035638x11_ex5-1.htm (EX-5.1) — 56KB
• logo_wachtelllipton.jpg (GRAPHIC) — 19KB
• 0001140361-24-042054.txt ( ) — 2365KB
• hpe-20240926.xsd (EX-101.SCH) — 4KB
• hpe-20240926_def.xml (EX-101.DEF) — 17KB
• hpe-20240926_lab.xml (EX-101.LAB) — 26KB
• hpe-20240926_pre.xml (EX-101.PRE) — 19KB
• ny20035638x11_8k_htm.xml (XML) — 6KB

01 Entry

Item 1.01 Entry into a Material Definitive Agreement. On September 26, 2024, Hewlett Packard Enterprise Company (the "Company") completed its previously announced underwritten public offering (the "Notes Offering") of (i) $1,250,000,000 in aggregate principal amount of its 4.450% Notes due 2026 (the "2026 Notes"), (ii) $1,250,000,000 in aggregate principal amount of its 4.400% Notes due 2027 (the "2027 Notes"), (iii) $1,750,000,000 in aggregate principal amount of its 4.550% Notes due 2029 (the "2029 Notes"), (iv) $1,250,000,000 in aggregate principal amount of its 4.850% Notes due 2031 (the "2031 Notes"), (v) $2,000,000,000 in aggregate principal amount of its 5.000% Notes due 2034 (the "2034 Notes") and (vi) $1,500,000,000 in aggregate principal amount of its 5.600% Notes due 2054 (the "2054 Notes" and, together with the 2026 Notes, the 2027 Notes, the 2029 Notes, the 2031 Notes and the 2034 Notes, each a "series of Notes" and collectively, the "Notes"). The Notes have been registered under the Securities Act of 1933, as amended (the "Act"), pursuant to a registration statement on Form S-3 (No. 333-276221), filed with the Securities and Exchange Commission (the "SEC") and automatically effective on December 22, 2023 (the "Shelf Registration Statement"). The terms of the Notes are further described in the Company's prospectus supplement dated September 12, 2024, as filed with the SEC under Rule 424(b)(2) of the Act on September 16, 2024 (the "Prospectus"). The Notes were issued pursuant to the Indenture (the "Base Indenture"), dated as of October 9, 2015, between the Company and The Bank of New York Mellon Trust Company, N.A. (the "Trustee"), as trustee, as supplemented by the (i) Twenty-Second Supplemental Indenture, dated as of September 26, 2024, with respect to the 2026 Notes, (ii) Twenty-Third Supplemental Indenture, dated as of September 26, 2024, with respect to the 2027 Notes, (iii) Twenty-Fourth Supplemental Indenture, dated as of September 26, 2024, w

01. Other Events

Item 8.01. Other Events. Legal Opinion Relating to the Notes The legal opinion of Wachtell, Lipton, Rosen & Katz, issued in connection with the Notes Offering, is attached hereto as Exhibit 5.1 and is incorporated herein by reference. Redemption of 6.102% Notes Due 2026 On September 26, 2024, the Company elected to redeem all $400,000,000 aggregate principal amount of its outstanding 6.102% Notes due 2026, CUSIP Number: 42824C BM0 (the "6.102% 2026 Notes"), on October 6, 2024 (the "Redemption Date"). The 6.102% 2026 Notes will be redeemed at a redemption price equal to 100% of the principal amount of the 6.102% 2026 Notes to be redeemed, plus accrued and unpaid interest to, but not including, the Redemption Date. Because the Redemption Date is not a Business Day (as defined in the indenture governing the 6.102% 2026 Notes), the Company will pay the Redemption Price on the next succeeding Business Day with the same force and effect as if made on the Redemption Date, and no interest will accrue for the period from and after the Redemption Date. The Company has instructed the Trustee, as the trustee for the 6.102% 2026 Notes, to distribute a notice of redemption to all registered holders of the 6.102% 2026 Notes on September 26, 2024. Copies of such notice of redemption and additional information relating to the procedure for redemption of the 6.102% 2026 Notes may be obtained from the Trustee.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Senior Indenture, dated as of October 9, 2015, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (incorporated by reference to Exhibit 4.1 to Hewlett Packard Enterprise's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 13, 2015). 4.2 Twenty-Second Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 4.450% notes due 2026. 4.3 Twenty-Third Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 4.400% notes due 2027. 4.4 Twenty-Fourth Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 4.550% notes due 2029. 4.5 Twenty-Fifth Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 4.850% notes due 2031. 4.6 Twenty-Sixth Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 5.000% notes due 2034. 4.7 Twenty-Seventh Supplemental Indenture, dated as of September 26, 2024, between Hewlett Packard Enterprise Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, relating to Hewlett Packard Enterprise Company's 5.600% notes due 2054. 4.8 Form of 4.450% notes due 2026 (contained in

View Full Filing

View this 8-K filing on SEC EDGAR