Item 8.01. Other Events.
On June 7, 2021, HP Inc. (the "Company") priced a $2,000,000,000 notes offering,
consisting of $1,000,000,000 in aggregate principal amount of 1.450% notes due
2026 (the "2026 Notes") and $1,000,000,000 in aggregate principal amount of
2.650% notes due 2031 (the "2031 Notes" and, together with the 2026 Notes, the
"Notes"). The offering is expected to close on June 16, 2021, subject to
customary closing conditions. The Company intends to use the net proceeds from
the sale of the 2026 Notes for general corporate purposes, including the
redemption of all the Company's outstanding 4.375% Global Notes due 2021 and
4.650% Global Notes due 2021, and it intends to allocate an amount equal to the
net proceeds from the sale of the 2031 Notes to finance or refinance, in whole
or in part, one or more new or existing Eligible Projects. "Eligible Projects"
are investments and expenditures made by the Company or any of its subsidiaries
beginning after the issuance of the 2031 Notes, or in the 24 months prior to the
issuance of the 2031 Notes, in or on eligible Green Projects and/or Social
Projects as defined in and aligned with the four core components of the Green
Bond Principles, 2018, the Social Bond Principles, 2020, and the Sustainability
Bond Guidelines, 2020.
The Notes have not been registered under the Securities Act of 1933, as amended
(the "Act"), or the securities laws of any other jurisdiction, and will be
offered and sold to persons reasonably believed to be "qualified institutional
buyers" in the United States in reliance on Rule 144A under the Act and to
persons outside of the United States in offshore transactions in accordance with
Regulation S under the Act.
Forward-looking statements
This document contains forward-looking statements within the meaning of the
federal securities laws. Any such statements involve risks, uncertainties, and
assumptions. If such risks or uncertainties materialize or such assumptions
prove incorrect, the results of the Company and its consolidated subsidiaries
could differ materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking statements, including
any statements of the plans, strategies, and objectives of the Company for
future operations; any statements of expectation or belief; and any statements
of assumptions underlying any of the foregoing. Risks, uncertainties, and
assumptions include the possibility that the Company may not achieve its
environmental and social goals; that the Company may not successfully identify
and/or complete eligible projects; and other risks that are described in the
Company's SEC reports, including but not limited to the risks described in the
Company's Annual Report on Form 10-K for its fiscal year ended October 31, 2020,
the Company's Quarterly Reports on Form 10-Q for the fiscal quarters ended
January 31, 2021 and April 30, 2021, and the Company's other filings with the
Securities and Exchange Commission. The Company assumes no obligation and does
not intend to update these forward-looking statements.
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