HPE revolving credit facility allows $4.75B commitments available immediately

On September 12, Hewlett Packard Enterprise ( HPE) entered into a revolving credit facility with the lenders , as co-administrative agent and administrative processing agent, and Citibank, as co-administrative agent, providing for a senior, unsecured revolving credit facility with aggregate lending commitments of $5,250,000,000, comprised of $4,750,000,000 of commitments available from and after September 12 and $500,000,000 of commitments available from and subject to, among other things the consummation of HPE’s acquisition of Juniper Networks (JNPR)…, by and among Juniper, HPE and Jasmine Acquisition Su a Delaware corporation and a wholly owned subsidiary of HPE an the refinancing of Juniper’s credit agreement in connection with the closing of the Juniper Acquisition . Loans pursuant to the Revolving Credit Agreement may be used for general corporate purposes. HPE may, from time to time after the effectiveness of the above and certain other conditions, request an increase in the commitments under the Revolving Credit Agreement, in an aggregate amount not to exceed $500,000,000. Commitments under the Revolving Credit Agreement will be available for a period of five years, which period may be extended, subject to the satisfaction of certain conditions, by up to two one-year periods.