STOCK TITAN

HPE (NYSE: HPE) prices multiple senior unsecured note issues to 2033

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hewlett Packard Enterprise Company is issuing multiple new senior unsecured notes. The company launched and priced $300,000,000 of Floating Rate Notes due 2028, $500,000,000 of 4.500% Notes due 2028, $600,000,000 of 4.600% Notes due 2029 and $600,000,000 of 5.250% Notes due 2033.

The notes were priced on March 16, 2026 under an underwriting agreement with major investment banks and are expected to close on March 23, 2026, subject to customary conditions. All series are registered senior unsecured obligations ranking equally with HPE’s other senior unsecured debt.

Positive

  • None.

Negative

  • None.

Insights

HPE adds multiple tranches of senior unsecured notes maturing 2028–2033.

Hewlett Packard Enterprise priced four series of registered senior unsecured notes: Floating Rate and fixed-rate tranches with coupons of 4.500%, 4.600% and 5.250%, maturing between 2028 and 2033. These instruments expand the company’s term debt profile using public markets.

The notes rank equally with existing and future senior unsecured indebtedness, so they neither subordinate nor structurally enhance current bondholders. Closing is expected on March 23, 2026, subject to customary conditions, so actual funding depends on completion of this settlement process.

Future disclosures in periodic reports may detail how the company allocates proceeds across operating needs, refinancing, or strategic uses, and how these obligations interact with broader macroeconomic and interest rate conditions highlighted in the forward-looking statements.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

March 16, 2026
Date of Report (Date of earliest event reported)

HEWLETT PACKARD ENTERPRISE COMPANY
(Exact name of registrant as specified in its charter)

Delaware
001-37483
47-3298624
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

1701 East Mossy Oaks Road,
Spring, TX
 
77389
(Address of principal executive offices)
 
(Zip code)

(678) 259-9860
(Registrant’s telephone number, including area code)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common stock, par value $0.01 per share
 
HPE
 
NYSE
7.625% Series C Mandatory Convertible Preferred Stock, par value $0.01 per share
 
HPEPrC
 
NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01
Other Events.

On March 16, 2026, Hewlett Packard Enterprise Company (the “Company”) launched and priced an offering of $300,000,000 in aggregate principal amount of the Company’s Floating Rate Notes due 2028, $500,000,000 in aggregate principal amount of the Company’s 4.500% Notes due 2028, $600,000,000 in aggregate principal amount of the Company’s 4.600% Notes due 2029 and $600,000,000 in aggregate principal amount of the Company’s 5.250% Notes due 2033 (collectively, the “Notes”) pursuant to an underwriting agreement dated March 16, 2026 (the “Underwriting Agreement”) among the Company and Barclays Capital Inc., BofA Securities, Inc., SG Americas Securities, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters listed on Schedule 1 thereto.

The offer and sale of each series of Notes has been registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3 (No. 333-276221), filed with the Securities and Exchange Commission (the “SEC”) and automatically effective on December 22, 2023. The Notes offering is expected to close on March 23, 2026, subject to customary closing conditions.

Each series of Notes will be the Company’s senior unsecured obligations and will rank equally in right of payment with all of the Company’s existing and future senior unsecured indebtedness from time to time outstanding.

The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.


Item 9.01
Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
 
Description
     
1.1
 
Underwriting Agreement, dated March 16, 2026, by and among Hewlett Packard Enterprise Company and Barclays Capital Inc., BofA Securities, Inc., SG Americas Securities, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of the Company and its consolidated subsidiaries may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words “expect”, “will”, “intend” and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding the closing of the sale of the Notes, the ranking of the Notes and any statements of assumptions underlying any of the foregoing. Risks, uncertainties, and assumptions include the need to address the many challenges facing the Company’s businesses; the competitive pressures faced by the Company’s businesses; risks associated with executing the Company’s strategy; the impact of macroeconomic and geopolitical trends and events; the need to effectively manage third-party suppliers and distribute the Company’s products and services; the protection of the Company’s intellectual property assets, including intellectual property licensed from third parties and intellectual property shared with its former parent; risks associated with the Company’s international operations (including from geopolitical events and macroeconomic uncertainties); the development of and transition to new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution of the Company’s ongoing transformation and mix shift of its portfolio of offerings; the execution and performance of contracts by the Company and its suppliers, customers, clients, and partners, including any impact thereon resulting from macroeconomic or geopolitical events, including inflation and rising commodity costs; the prospect of a shutdown of the U.S. federal government; the hiring and retention of key employees; the execution, integration, consummation, and other risks associated with business combination, disposition, and investment transactions, including but not limited to the risks associated with the disposition of H3C Technologies Co., Limited shares and the receipt of proceeds therefrom and successful integration of Juniper Networks, Inc., including our ability to integrate and implement our plans and forecasts and realize our anticipated financial and operational benefits with respect to the consolidated business; the execution, timing, and results of any cost reduction actions, including estimates and assumptions related to the costs and anticipated benefits of implementing such actions; the impact of changes to privacy, cybersecurity, environmental, global trade, and other governmental regulations; changes in our product, lease, intellectual property, or real estate portfolio; the payment or non-payment of a dividend for any period; the efficacy of using non-GAAP, rather than GAAP, financial measures in business projections and planning; the judgments required in connection with determining certain financial metrics; utility of segment realignments; allowances for recovery of receivables and warranty obligations; provisions for, and resolution of, pending litigation, investigations, claims, and disputes; the impacts of tax law changes and related guidance or regulations; and other risks that are described herein, including but not limited to the risks described in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025 and that are otherwise described or updated from time to time in the Company’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and in other filings made by the Company from time to time with the SEC. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
HEWLETT PACKARD ENTERPRISE COMPANY
     
 
By:
/s/ David Antczak
 
Name:
David Antczak
 
Title:
Senior Vice President, General Counsel and Corporate Secretary
     
DATE: March 18, 2026
   



FAQ

What new notes is Hewlett Packard Enterprise (HPE) issuing in this 8-K?

Hewlett Packard Enterprise is issuing four series of senior unsecured notes. These include $300,000,000 Floating Rate Notes due 2028 and fixed-rate notes with coupons of 4.500%, 4.600% and 5.250% maturing in 2028, 2029 and 2033, respectively.

When are HPE’s newly issued notes expected to close?

The new notes are expected to close on March 23, 2026. Closing is subject to customary conditions set out in the underwriting agreement with the banks leading the transaction, so funding occurs once these standard settlement requirements are satisfied.

How do HPE’s new notes rank relative to its other debt?

Each series of the new notes will be senior unsecured obligations of Hewlett Packard Enterprise. They rank equally in right of payment with all existing and future senior unsecured indebtedness, meaning they share the same payment priority as HPE’s other senior unsecured bonds.

Under what registration did HPE offer these new notes?

Hewlett Packard Enterprise offered each series of notes under an effective shelf registration. The notes are registered pursuant to a Form S-3 registration statement (No. 333-276221), which became automatically effective on December 22, 2023 with the U.S. Securities and Exchange Commission.

Which banks are underwriting HPE’s new note offerings?

The underwriting agreement is with several major banks. Barclays Capital Inc., BofA Securities, Inc., SG Americas Securities, LLC and Wells Fargo Securities, LLC are acting as representatives of the underwriters named in the agreement dated March 16, 2026.

What risks does HPE highlight regarding its new notes and outlook?

HPE lists many risks, including competitive pressures, macroeconomic and geopolitical trends, execution of strategy and transformations, regulatory changes, and integration of transactions like Juniper Networks, Inc. These factors could cause actual results to differ materially from forward-looking statements about the notes and broader business.

Filing Exhibits & Attachments

5 documents
Hewlett Packard Enterprise Co

NYSE:HPE

View HPE Stock Overview

HPE Rankings

HPE Latest News

HPE Latest SEC Filings

HPE Stock Data

34.21B
1.32B
Communication Equipment
Computer & Office Equipment
Link
United States
SPRING