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000-664 | C2090-544 | C4040-332 | 000-139 | 000-278 | 000-577 | 00M-657 | 000-587 | C2090-642 | 000-935 | 000-833 | C2140-820 | C2040-415 | 000-M96 | 000-033 | 000-888 | 00M-667 | 000-P03 | 000-M34 | M8010-242 |



IBM launches $20B debt offering

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

The debt providing is in eight components starting from $1.5B two-yr fixed at +50 to $3B 30-yr fastened at +a hundred forty five. (Bloomberg data)

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

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