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Hewlett Packard Enterprise ( (HPE) ) has shared an update.
Hewlett Packard Enterprise Company (HPE) secured a substantial financial package, including a $5.25 billion revolving credit facility and a $3 billion three-year credit agreement, to support its acquisition of Juniper Networks. Additionally, HPE arranged an $8.99 billion term loan, specifically for the Juniper transaction. These strategic moves provide HPE with significant financial flexibility, featuring various interest rate options and adherence to financial covenants. The agreements, which include customary limitations and events of default, underscore HPE’s commitment to the acquisition and its long-term financial strategy.
Learn more about HPE stock on TipRanks’ Stock Analysis page.