TYSONS, Va.--(BUSINESS WIRE)--DXC Technology Company (NYSE: DXC) today announced the pricing of an offering of £250 million aggregate principal amount of its 2.750% Senior Notes due 2025 (the “Notes”), priced at 99.528% of the aggregate principal amount. The offering is being made through an underwriting syndicate led by Lloyds Bank plc and Merrill Lynch International, as representatives of the underwriters. DXC has applied to list the Notes on the New York Stock Exchange. The issuance of the Notes is expected to close on or about March 15, 2018, subject to customary closing conditions.

DXC intends to use proceeds from the offering, after the payment of underwriting discounts and other fees and expenses, to repay a portion of the £287 million aggregate principal amount of outstanding borrowings under its revolving credit facility, however, depending on prevailing interest rates and other market conditions, DXC may choose to use the net proceeds for working capital and general corporate purposes, including, but not limited to, the repayment of other outstanding indebtedness.

ABOUT DXC TECHNOLOGY

DXC Technology (NYSE: DXC) is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC Technology serves nearly 6,000 private and public sector clients across 70 countries. The company’s technology independence, global talent and extensive partner network combine to deliver powerful next-generation IT services and solutions. DXC Technology is recognized among the best corporate citizens globally.