Hewlett Packard Enterprise Company in its entry into $17.24 billion term loan and revolving credit facilities

On September 12, 2024, Hewlett Packard Enterprise Company (NYSE: HPE) entered into three credit agreements providing for a total of $17.24 billion of commitments: an $8.99 billion 364-day delayed-draw term loan facility, a $3 billion three-year delayed-draw term loan facility and a $5.25 billion five-year revolving credit facility. HPE will use the proceeds of the term loan facilities to fund its acquisition of Juniper Networks, Inc. and to pay related fees and expenses. Borrowings under the revolving credit facility will be used for general corporate purposes.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to HPE.