DXC Technology Prices Senior Notes Offering

Rhea-AI Summary

DXC Technology (NYSE: DXC) priced an offering by subsidiary DXC Capital Funding DAC of €650,000,000 aggregate principal amount of 4.250% Senior Notes due 2030 at 99.784% of principal. The offering was to qualified institutional buyers under Rule 144A and Regulation S and is expected to close on December 9, 2025, subject to customary conditions.

The Notes will be unconditionally guaranteed by DXC and DXC Luxembourg International S.à r.l. DXC currently intends to apply net proceeds to repay existing indebtedness, including its 1.750% Senior Notes due 2026, and for working capital and general corporate purposes. The Notes are expected to be listed and admitted to trading on the Luxembourg Stock Exchange Euro MTF Market.

Positive

• €650,000,000 senior notes issued due 2030
• Proceeds intended to repay 1.750% notes due 2026, extending maturity
• Notes will be unconditionally guaranteed by DXC and DXC Luxembourg

Negative

• Notes priced below par at 99.784%, reducing net proceeds
• Offering increases long-term debt due to new €650M instrument

News Market Reaction

+1.03%

1 alert

+1.03% News Effect

On the day this news was published, DXC gained 1.03%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Senior Notes size: €650,000,000 Coupon rate: 4.250% Issue price: 99.784% +2 more

5 metrics

Senior Notes size €650,000,000 Aggregate principal amount of 4.250% Senior Notes due 2030

Coupon rate 4.250% Annual interest rate on Senior Notes due 2030

Issue price 99.784% Pricing as percentage of aggregate principal amount

Maturity year 2030 Stated maturity of the new Senior Notes

Existing notes rate 1.750% Coupon on Senior Notes due 2026 targeted for repayment

Market Reality Check

Price: $14.25 Vol: Volume 2,457,522 vs 20-da...

normal vol

$14.25 Last Close

Volume Volume 2,457,522 vs 20-day average 2,222,933, indicating slightly elevated activity before this announcement. normal

Technical Shares at $15.24, trading above the 200-day MA of $14.76 while still 35.83% below the 52-week high.

Peers on Argus

DXC gained 0.53% with modestly above-average volume, while key peers showed mixe...

DXC gained 0.53% with modestly above-average volume, while key peers showed mixed moves: GLOB down 0.18%, ASGN, VNET, FORTY and WNS up between 0.10% and 2.41%. The pricing of euro senior notes appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	AI strategy launch	Positive	+0.5%	Launch of AdvisoryX and new AI offerings with supporting global AI study.
Dec 09	Debt redemption	Positive	+4.7%	Full and partial redemption of 2026 senior notes and delisting of euro notes.
Dec 08	Leadership change	Positive	+1.7%	Appointment of Chief Digital Information Officer to drive unified digital and AI agenda.
Dec 04	Strategic partnership	Positive	+2.0%	Partnership with Aptys to integrate unified payments platform into DXC banking portfolio.
Dec 03	Client cloud migration	Positive	+1.0%	ivari go-live on DXC Assure Platform with cost reduction and product expansion metrics.

Pattern Detected

Recent DXC announcements on strategy, partnerships, and capital structure have generally been followed by positive single-day price reactions.

Recent Company History

Over early Dec 2025, DXC reported several developments: cloud modernization wins, a payments partnership, and AI-focused leadership and advisory initiatives, each followed by gains between 1.03% and 4.74%. An 8-K on Dec 9 detailed refinancing actions using new €650 million 4.250% notes due 2030, echoing today’s pricing release. This announcement fits an ongoing shift toward modernizing operations while reshaping the debt profile.

Market Pulse Summary

This announcement detailed the pricing of €650,000,000 in 4.250% Senior Notes due 2030, sold under R...

Analysis

This announcement detailed the pricing of €650,000,000 in 4.250% Senior Notes due 2030, sold under Rule 144A and Regulation S and guaranteed by DXC and a Luxembourg affiliate. Regulatory filings later showed that proceeds were earmarked to repay existing indebtedness, including 2026 notes, and for general purposes. Investors may focus on how this refinancing interacts with DXC’s reported $3,982 million of total debt and upcoming maturities in prior filings.

Key Terms

4.250% senior notes, rule 144a, regulation s, senior notes, +3 more

7 terms

4.250% senior notes financial

"priced an offering of €650,000,000 million aggregate principal amount of its 4.250% Senior Notes due 2030"

A 4.250% senior note is a type of loan-like bond issued by a company that promises to pay holders 4.250% interest annually and to repay the principal at maturity. “Senior” means this debt has higher priority than other unsecured obligations if the company faces financial trouble, like getting paid first in line; that priority and the fixed interest rate help investors judge credit risk, expected income, and sensitivity to interest-rate changes.

rule 144a regulatory

"offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

regulation s regulatory

"outside the United States in compliance with Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

senior notes financial

"aggregate principal amount of its 4.250% Senior Notes due 2030"

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

"priced at 99.784% of the aggregate principal amount of such 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.

guaranteed financial

"The Notes will be unconditionally and irrevocably guaranteed by DXC and DXC Luxembourg International"

A guarantee is a formal promise that a payment or obligation will be met even if the original party cannot fulfill it, often provided by a third party, insurer, or legal contract. For investors it signals lower risk—similar to a co-signer on a loan—because the guarantor should cover missed payments or performance, but the protection only matters as much as the guarantor’s financial strength and the legal enforceability of the promise.

euro mtf market technical

"admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange"

A euro MTF market is a European trading venue that matches buyers and sellers of securities—often bonds and some stocks—outside the main national exchanges. Think of it as a specialized marketplace with lighter listing rules and different oversight; it matters to investors because the venue affects how easy it is to buy or sell a security, the transparency of prices, and the level of regulatory protection and reporting they can expect.

AI-generated analysis. Not financial advice.

ASHBURN, Va., Dec. 2, 2025 /PRNewswire/ - DXC Technology Company (NYSE: DXC) ("DXC") today announced that its wholly owned subsidiary, DXC Capital Funding DAC (the "Issuer"), priced an offering of €650,000,000 million aggregate principal amount of its 4.250% Senior Notes due 2030 (the "Notes"), priced at 99.784% of the aggregate principal amount of such notes. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in compliance with Regulation S under the Securities Act. The offering of the Notes is expected to close on December 9, 2025, subject to customary conditions.

The Notes will be unconditionally and irrevocably guaranteed by DXC and DXC Luxembourg International S.à r.l., a Luxembourg private limited liability company (société à responsabilité limitée) and the direct parent of the Issuer. DXC currently intends to apply the net proceeds from the offering of the Notes to repay its existing indebtedness, including DXC's 1.750% Senior Notes due 2026, and for working capital and general corporate purposes.

The Notes and related guarantees will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration, except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes are expected to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.

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.

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SOURCE DXC Technology Company

FAQ

What did DXC (NYSE: DXC) announce on December 2, 2025 about new debt?

DXC priced €650,000,000 of 4.250% Senior Notes due 2030, offered to qualified institutional buyers.

When is the DXC €650M senior notes offering expected to close?

The offering is expected to close on December 9, 2025, subject to customary conditions.

How will DXC use proceeds from the €650M notes offering?

DXC intends to apply net proceeds to repay existing debt including the 1.750% Senior Notes due 2026 and for working capital and general corporate purposes.

Are DXC's new 4.250% notes guaranteed and where will they trade?

Yes; the Notes are unconditionally guaranteed by DXC and DXC Luxembourg and are expected to be listed on the Luxembourg Stock Exchange Euro MTF Market.

What price was set for DXC's 4.250% Senior Notes due 2030?

The Notes were priced at 99.784% of principal.