Davis Polk advised DXC Technology Company, as successor borrower to Computer Sciences Corporation, in connection with the addition of $740 million of incremental revolving commitments under an existing unsecured revolving credit facility. The incurrence of the incremental revolving commitments was conditioned upon the consummation of the merger between Computer Sciences Corporation and the Enterprise Services business of Hewlett Packard Enterprise Company, and resulted in an increase in the aggregate outstanding size of the unsecured revolving credit facility from $2.95 billion to $3.69 billion.

DXC Technology was created on April 1, 2017, as a result of the merger between Computer Sciences Corporation and the Enterprise Services business of Hewlett Packard Enterprise Company. Headquartered in Tysons Corner, Virginia, DXC Technology is an independent, end-to-end IT services company serving nearly 6,000 private and public sector clients across 70 countries. 

The Davis Polk credit team included partner Lawrence E. Wieman and associates Vanessa L. Jackson and Phoebe Jin. All members of the Davis Polk team are located in the New York office.

Copy link to share post