DXC Technology Announces Redemption in Full and Delisting of 1.750% Senior Notes due 2026 and Partial Redemption of 1.800% Senior Notes due 2026

DXC Technology (NYSE: DXC) announced redemptions of two series of senior notes due in 2026 and a delisting event.

Rhea-AI Summary

DXC Technology (NYSE: DXC) announced redemptions of two series of senior notes due in 2026 and a delisting event. DXC will redeem in full the €650 million aggregate principal of its 1.750% Senior Notes due January 2026, with a redemption date of December 24, 2025 and a redemption price equal to 100% of principal plus accrued interest.

DXC will also partially redeem $300 million aggregate principal of its 1.800% Senior Notes due September 2026, with a redemption date of December 19, 2025; the USD redemption price includes 100% of principal, a make-whole premium as described in the indenture, and accrued interest. Following the Euro notes redemption, those notes will be delisted from the New York Stock Exchange.

Positive

• Full redemption of €650 million 1.750% notes scheduled
• Partial redemption of $300 million 1.800% notes scheduled

Negative

• Delisting of the 1.750% Euro notes from NYSE after December 24, 2025
• USD redemption incurs a make-whole premium increasing cash outflow

Argus Dec 9 session

+4.74% close to close Open Argus

Details

News Market Reaction – DXC

On Dec 9, the day this news came out, DXC closed 4.74% above the previous close.

Data tracked by StockTitan Argus for the Dec 9 session.

Market Context

This announcement details DXC’s plan to redeem all €650 million of 1.750% Senior Notes due January 2...

Analysis

This announcement details DXC’s plan to redeem all €650 million of 1.750% Senior Notes due January 2026 and $300 million of 1.800% Senior Notes due September 2026, following its recent €650,000,000 2030 notes issuance to repay indebtedness. It advances previously stated refinancing goals and will remove the 2026 Euro Notes from NYSE listing. Investors may monitor future filings and earnings to assess the longer-term impact on interest expense and overall leverage.

Key Figures

2026 Euro Notes principal: €650 million 2026 USD Notes partial redemption: $300 million Euro Notes coupon: 1.750% +5 more

2026 Euro Notes principal

€650 million

1.750% Senior Notes due January 2026 to be fully redeemed

2026 USD Notes partial redemption

$300 million

1.800% Senior Notes due September 2026 to be partially redeemed

Euro Notes coupon

1.750%

Senior Notes due January 2026

USD Notes coupon

1.800%

Senior Notes due September 2026

Euro Notes redemption date

December 24, 2025

Redemption date for 1.750% Senior Notes due 2026

USD Notes redemption date

December 19, 2025

Redemption date for 1.800% Senior Notes due 2026 (partial)

Current share price

$14.36

Prior to redemption news; <b>1.7%</b> daily increase

52-week range

$11.82 – $23.75

Price is 21.49% above low and 39.54% below high

Historical Context

5 past events · Latest: Dec 04

5 events

1. Dec 04

   Strategic partnership

   24h Move

   +2.0%

   Partnership with Aptys to modernize payments connectivity for U.S. institutions.

2. Dec 03

   Client go-live

   24h Move

   +1.0%

   ivari goes live on DXC Assure Platform in multi-year cloud modernization.

3. Dec 02

   Debt offering

   24h Move

   +1.0%

   Pricing of €650M 4.250% Senior Notes due 2030 to repay debt and for general use.

4. Nov 20

   Platform migration

   24h Move

   +1.7%

   Completed rapid migration of Brethren Mutual policies to Assure P&C platform.

5. Nov 18

   Industry recognition

   24h Move

   -1.9%

   Named leader across categories in ISG’s ServiceNow Ecosystem Partners study.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, aggregate principal amount, cusip, isin, +4 more

8 terms

senior notes financial

"redeem all €650 million aggregate principal amount of DXC's outstanding 1.750% Senior Notes due January 2026"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

aggregate principal amount financial

"redeem all €650 million aggregate principal amount of DXC's outstanding 1.750% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

cusip financial

"1.750% Senior Notes due January 2026 (CUSIP No.: 23355L AH9, ISIN No.: XS1883245331"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

isin financial

"CUSIP No.: 23355L AH9, ISIN No.: XS1883245331 and Common Code: 188324533"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

make-whole premium financial

"plus a make-whole premium described in the indenture governing the 2026 USD Notes"

A make-whole premium is an extra payment a borrower must give bondholders when repaying debt early to compensate them for lost future interest; think of it as a lump-sum “catch-up” to leave lenders financially where they would have been if the loan had run its full term. It matters to investors because it affects how much they receive on early redemption and influences a company’s decision to refinance or repay debt, altering bond value and expected returns.

indenture financial

"make-whole premium described in the indenture governing the 2026 USD Notes"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

accrued and unpaid interest financial

"plus accrued and unpaid interest to, but not including, the 2026 Euro Notes Redemption Date"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

delisted regulatory

"Following the 2026 Euro Notes Redemption Date, the 2026 Euro Notes will be delisted from the New York Stock Exchange."

Delisted means a company's shares have been removed from a public stock exchange and are no longer traded on that venue. For investors this matters because it reduces ease of buying or selling the stock, cuts off regular price discovery and exchange oversight, and can signal regulatory or financial problems; it's like a product being pulled from a supermarket shelf and only available through harder-to-find channels.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ASHBURN, Va., Dec. 9, 2025 /PRNewswire/ - DXC Technology Company (NYSE: DXC) ("DXC") today announced its intention to (i) redeem all €650 million aggregate principal amount of DXC's outstanding 1.750% Senior Notes due January 2026 (CUSIP No.: 23355L AH9, ISIN No.: XS1883245331 and Common Code: 188324533) (the "2026 Euro Notes") and (ii) partially redeem $300 million aggregate principal amount of DXC's outstanding 1.800% Senior Notes due September 2026 (CUSIP No.: 23355L AL0) (the "2026 USD Notes"). 

DXC expects to issue notices of redemption to holders of the 2026 Euro Notes and the 2026 USD Notes on December 9, 2025.The redemption date for the 2026 Euro Notes will be December 24, 2025 (the "2026 Euro Notes Redemption Date"), and the redemption date for the 2026 USD Notes will be December 19, 2025 (the "2026 USD Notes Redemption Date").

The redemption price for the 2026 Euro Notes will be equal 100% of the principal amount of the 2026 Euro Notes to be redeemed, plus accrued and unpaid interest to, but not including, the 2026 Euro Notes Redemption Date. On and after the 2026 Euro Notes Redemption Date, the 2026 Euro Notes will no longer be deemed outstanding, interest will cease to accrue thereon and all rights of the holders of the 2026 Euro Notes will cease, except for the right of holders to receive the redemption price. Following the 2026 Euro Notes Redemption Date, the 2026 Euro Notes will be delisted from the New York Stock Exchange.

The redemption price for the 2026 USD Notes called for redemption will be equal to 100% of the principal amount of the 2026 USD Notes to be redeemed, plus a make-whole premium described in the indenture governing the 2026 USD Notes, plus accrued and unpaid interest to, but not including, the 2026 USD Notes Redemption Date. Unless DXC defaults in payment of the redemption price, on and after the 2026 USD Notes Redemption Date, interest will cease to accrue on the 2026 USD Notes called for redemption.

This press release does not constitute a notice of redemption for the 2026 Euro Notes or the 2026 USD Notes. Furthermore, this press release shall not constitute an offer to sell nor a solicitation of an offer to buy any security, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT DXC TECHNOLOGY

DXC Technology (NYSE: DXC) is a leading global provider of information technology services. We are a trusted partner to many of the world's most innovative organizations, building solutions that move industries and companies forward. Our engineering, consulting and technology experts help clients simplify, optimize and modernize their systems and processes, manage their most critical workloads, integrate AI-powered intelligence into their operations, and put security and trust at the forefront. Through innovative solutions, we help clients achieve competitive advantages in the marketplace.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" that involve numerous assumptions, risks, and uncertainties. Forward-looking statements include, among other things, statements with respect to our future financial condition, results of operations, cash flows, business strategies, operating efficiencies or synergies, potential acquisitions and divestitures, competitive position, growth opportunities, effective tax rates, liquidity and capital resources, capital return strategy, plans and objectives of management, the outcome of and costs associated with regulatory and litigation matters, and other matters. DXC may also make forward-looking statements in reports filed with the Securities and Exchange Commission (the "SEC"), in materials delivered to stockholders and in press releases. In addition, the DXC representatives may from time to time make oral forward-looking statements. Forward-looking statements represent current expectations and beliefs, and no assurance can be given that the results, goals or plans described in such statements can or will be achieved, and readers are cautioned not to place undue reliance on such statements, which speak only as of the date they are made. DXC does not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2025.

Category: Investor Relations

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SOURCE DXC Technology Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DXC (NYSE: DXC) announce on December 9, 2025 about its 2026 Euro notes?

DXC announced it will redeem in full the €650 million 1.750% Senior Notes due January 2026, with a redemption date of December 24, 2025 and payment of 100% of principal plus accrued interest.

When will DXC partially redeem the 1.800% Senior Notes due September 2026 and how much will be redeemed?

DXC will partially redeem $300 million aggregate principal of the 1.800% Senior Notes due September 2026 with a redemption date of December 19, 2025.

Will the 2026 Euro notes remain listed after DXC's December 2025 redemption?

No. Following the December 24, 2025 redemption date, the 1.750% Euro notes will be delisted from the New York Stock Exchange.

What components make up the redemption price for the DXC 2026 USD notes called for redemption?

The redemption price equals 100% of principal plus a make-whole premium described in the indenture and accrued interest to, but not including, the redemption date.

When does interest cease to accrue on DXC notes called for redemption?

Unless DXC defaults in payment, interest ceases to accrue on the called notes on and after their respective redemption dates.