Keysight Technologies, Inc. 8-K

What Happened

• Keysight Technologies, Inc. announced that on April 21, 2026 it entered into an Amended and Restated Credit Agreement with certain lenders and Citibank, N.A. as administrative agent. The agreement replaces the company’s prior credit agreement dated July 30, 2021 and establishes a $750 million five-year unsecured revolving credit facility that expires April 21, 2031.

Key Details

• $750 million unsecured revolving credit facility (the “Revolving Credit Facility”), five-year term ending April 21, 2031.
• Company may request, subject to customary conditions, increases to total commitments by up to $350 million on one or more occasions.
• Agreement includes customary affirmative and negative covenants: limits on creating liens, restrictions on subsidiaries’ indebtedness, and requirements to maintain specified financial ratios.
• A covenant breach (absent a lender waiver and subject to cure periods) could allow lenders to accelerate the company’s outstanding indebtedness. The agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• The new facility provides Keysight with committed liquidity and financial flexibility through 2031, supporting working capital, capital expenditures, potential acquisitions, or other corporate needs.
• The unsecured nature of the revolver reflects lender reliance on Keysight’s credit standing rather than collateral.
• Investors should note the covenant terms: breaches could lead to acceleration of debt, which could affect the company’s financing and strategic options if financial ratios or other requirements are not maintained.