TYSONS, Va.--(BUSINESS WIRE)--DXC Technology Company (NYSE: DXC) today announced the pricing of an offering of €650 million aggregate principal amount of its 1.750% Senior Notes due 2026, priced at 99.820% of the aggregate principal amount. The offering is being made through an underwriting syndicate led by Mizuho International plc and RBC Europe Limited, 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 September 26, 2018, subject to customary closing conditions.

DXC intends to apply the net proceeds from this offering, after the payment of the underwriting discount and other expenses, to repay outstanding indebtedness to the extent of the net proceeds, including the €400 million aggregate principal amount of outstanding borrowings under its Euro-denominated term loan facility with any remainder applied to other outstanding indebtedness; 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 a world leading independent, end-to-end IT services company, serving nearly 6,000 private and public sector clients form a diverse array of industries across 70 countries. The company’s technology independence, global talent and extensive partner network deliver transformative digital offerings and solutions that help client harness the power of innovation to thrive on change.