Filed Pursuant to Rule 424(b)(5)
Registration No. 333-281896
Prospectus Supplement
(To Prospectus Dated September 3, 2024)
$1,200,000,000
$600,000,000 4.200% Senior Notes due 2027
$600,000,000 4.750% Senior Notes due 2034
Agilent Technologies, Inc. is offering $600,000,000 aggregate principal amount of its 4.200% Senior Notes due September 9, 2027 and $600,000,000 aggregate principal amount of its 4.750% Senior Notes due September 9, 2034. We refer to the 4.200% Senior Notes due 2027 as the “2027 notes”, to the 4.750% Senior Notes due 2034 as the “2034 notes,” and to the 2027 notes and the 2034 notes collectively as the “notes.” The 2027 notes will bear interest at a rate of 4.200% per annum and will mature on September 9, 2027. The 2034 notes will bear interest at a rate of 4.750% per annum and will mature on September 9, 2034.
Interest on each series of notes will accrue from September 9, 2024 and is payable semi-annually in arrears on March 9 and September 9 of each year, commencing March 9, 2025.
Agilent Technologies, Inc. may redeem either series of notes in whole or in part at any time prior to their maturity at the applicable redemption price described in this prospectus supplement under “Description of Notes—Optional Redemption.” In addition, in the event that (i) the BioVectra Acquisition (as defined herein) is not consummated on or prior to the later of (1) July 21, 2025 and (2) the date that is five business days after any later date to which the parties to the Purchase Agreement may agree to extend the “End Date” in the Purchase Agreement (as defined herein) (the “Special Mandatory Redemption End Date”) or (ii) we notify the trustee in writing under the indenture governing the 2027 notes that we will not pursue consummation of the BioVectra Acquisition (any such event, a “Special Mandatory Redemption Event”), we will be required to redeem all of the 2027 notes (the “Special Mandatory Redemption”) at a redemption price equal to 101% of the aggregate principal amount of such notes, plus accrued and unpaid interest, if any, to, but not including, the Special Mandatory Redemption Date (as defined herein) (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date) (the “Special Mandatory Redemption Price”). See “Description of Notes—Special Mandatory Redemption.” The 2034 notes will not be subject to any such mandatory redemption provisions, and, accordingly, whether such notes remain outstanding or not will not be impacted by the BioVectra Acquisition. The completion of this offering is not contingent on the consummation of the BioVectra Acquisition, which, if completed, will occur subsequent to the closing of this offering.
Upon the occurrence of a “change of control repurchase event” with respect to a series of notes, Agilent Technologies, Inc. will be required to make an offer to repurchase such notes at a price equal to 101% of their principal amount plus accrued and unpaid interest to, but not including, the date of repurchase.
The notes will be senior unsecured obligations of Agilent Technologies, Inc. and will rank equally with all of its other senior unsecured indebtedness from time to time outstanding. The notes will not be guaranteed by any of our subsidiaries. The notes are being offered globally for sale in jurisdictions where it is lawful to make such offers and sales. The notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
See “Risk Factors” beginning on page S-9 for a discussion of certain risks that you should consider in connection with an investment in the notes.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or determined that this prospectus supplement or the accompanying prospectus is accurate or complete. Any representation to the contrary is a criminal offense.
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| | Price to public(1) | | | Underwriting discount | | | Proceeds, before expenses, to us(1) | |
Per 2027 Note | | | 99.866 | % | | | 0.400 | % | | | 99.466 | % |
2027 Notes Total | | $ | 599,196,000 | | | $ | 2,400,000 | | | $ | 596,796,000 | |
Per 2034 Note | | | 99.638 | % | | | 0.650 | % | | | 98.988 | % |
2034 Notes Total | | $ | 597,828,000 | | | $ | 3,900,000 | | | $ | 593,928,000 | |
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Total | | $ | 1,197,024,000 | | | $ | 6,300,000 | | | $ | 1,190,724,000 | |
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(1) | Plus accrued interest, if any, from September 9, 2024, if settlement occurs after that date. |
The notes will not be listed on any securities exchange or quoted on any automated dealer quotation system. Currently, there are no public markets for the notes.
We expect that delivery of the notes will be made to investors in registered book-entry form only through the facilities of The Depository Trust Company (“DTC”) for the accounts of its participants, including Clearstream Banking S.A. (“Clearstream”), and Euroclear Bank, S.A./N.V., as operator of the Euroclear System (“Euroclear”), on or about September 9, 2024, which is the third business day following the date of this prospectus supplement. See “Underwriting (Conflicts of Interest)”.
Joint Book-Running Managers
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BofA Securities | | J.P. Morgan | | Mizuho | | Wells Fargo Securities |
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BNP PARIBAS | | | | SOCIETE GENERALE |
Co-Managers
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Academy Securities | | Scotiabank | | SMBC Nikko | | Penserra Securities LLC |
The date of this prospectus supplement is September 4, 2024.