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000-575 | 000-N36 | C2040-441 | A2180-270 | 000-633 | 000-995 | 000-189 | 000-647 | A2180-271 | C9550-413 | C2180-273 | C9020-461 | C2090-549 | 000-225 | 00M-242 | 000-514 | P2070-053 | 000-529 | P2080-088 | 000-N34 |

IBM launches $20B debt offering

IBM (IBM +0.6%) launches a $20B bond sale to help with its purple Hat (NYSE:RHT) acquisition, which is valued at roughly $33B and is anticipated to shut in H2.

The debt offering is in eight materials ranging from $1.5B two-year fastened at +50 to $3B 30-year fixed at +145. (Bloomberg statistics)

IBM has a pre-acquisition debt load of about $50B however still has high credit scores. The business plans to droop buybacks in 2020 and 2021 to funnel many of the FCF against paying down the debt.

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