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Get filing alertsKeysight refinances credit facility with new $750M revolving line through 2031
Filed April 23, 2026 · Period ending April 21, 2026 · ~1 min read
Key Changes
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Keysight replaced its 2021 credit agreement with a new $750 million unsecured revolving facility maturing April 2031, with option to expand by up to $350 million to $1.1 billion total.
Item 1.01 view on EDGAR → -
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The five-year facility provides flexible capital access for operations and acquisitions, with Citibank serving as administrative agent and multiple lenders participating.
Item 1.01 view on EDGAR → -
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Agreement includes standard covenants restricting liens and subsidiary debt, plus financial ratio requirements; violations could trigger immediate repayment of outstanding borrowings.
Item 1.01 view on EDGAR →
Summary
Keysight Technologies refinanced its existing credit facility, replacing a 2021 agreement with a new $750 million unsecured revolving line that extends through April 2031. The facility includes an accordion feature allowing the company to increase total commitments by up to $350 million, bringing potential capacity to $1.1 billion.
This is a routine refinancing that extends the maturity and maintains financial flexibility. For retail investors, this transaction signals continued access to capital markets on what appear to be favorable terms. The unsecured nature and five-year maturity suggest lenders view Keysight's credit profile positively.
The accordion feature provides optionality for future growth investments or acquisitions without needing to renegotiate the entire facility. Watch for Keysight's next quarterly filing to see actual borrowing levels under the new facility and whether the company draws on this line for specific strategic purposes. The financial covenants and ratios will be detailed in the 10-Q, providing insight into how much operational flexibility management has retained.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 — Creation of a Direct Financial Obligation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 21, 2026, Keysight Technologies, Inc. (the "Company”) entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) among the Company, as borrower, certain lenders party thereto and Citibank, N.A., as administrative agent (the “Revolver Agent”). The Amended and Restated Credit Agreement amended and restated in its entirety the Company’s existing Credit Agreement dated July 30, 2021, by and among the Company, certain lenders party thereto and the Revolver Agent.
Keysight replaced its existing 2021 credit agreement with a new amended and restated facility. This is a refinancing transaction that updates the terms of the company's revolving credit line with Citibank as administrative agent.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Amended and Restated Credit Agreement includes customary affirmative and negative covenants, including restrictions on the Company’s ability to create liens on the Company’s assets and the ability of the Company’s subsidiaries to incur indebtedness, and a requirement to maintain compliance with specified financial ratios. If the Company breaches any of the covenants and does not obtain a waiver from the lenders, then, subject to applicable cure periods, the Company’s outstanding indebtedness could be declared immediately due and payable.
The credit agreement contains standard restrictions on liens and subsidiary debt, plus financial ratio requirements. Covenant violations that aren't waived or cured could trigger acceleration, making all outstanding borrowings immediately due. This is typical for investment-grade credit facilities and provides lenders with protection against deteriorating financial performance.
Event · Item 9.01 — Financial Statements and Exhibits
Keysight amended and restated its credit agreement on April 21, 2026 with Citibank as administrative agent.
Added in current filing · verify on EDGAR →
Amended and Restated Credit Agreement dated as of April 21, 2026 among Keysight Technologies, Inc. as Borrower, the Lenders parties thereto and Citibank, N.A., as Administrative Agent
Keysight entered into an amended and restated credit agreement on April 21, 2026. The company is the borrower, with Citibank serving as administrative agent and multiple lenders participating. The 8-K does not disclose the size, terms, interest rates, or material changes from the prior credit agreement.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify