Davis Polk advised DXC Technology Company in connection with its registered exchange offers of (i) up to $445.265 million aggregate principal amount of DXC’s new 4.45% senior notes due 2022 for an equal aggregate principal amount of outstanding 4.45% senior notes due 2022 issued by Computer Sciences Corporation, DXC’s wholly owned subsidiary, and (ii) up to $500 million aggregate principal amount of DXC’s new 2.875% senior notes due 2020, $500 million aggregate principal amount of DXC’s new 4.250% senior notes due 2024 and $500 million aggregate principal amount of DXC’s new 4.750% senior notes due 2027 for equal aggregate principal amounts of DXC’s outstanding, unregistered 2.875% senior notes due 2020, 4.250% senior notes due 2024 and 4.750% senior notes due 2027.

DXC is an end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the spin-off of the Enterprise Services business of Hewlett Packard Enterprise and merger with a wholly owned subsidiary of Computer Sciences Corporation on April 1, 2017, DXC serves nearly 6,000 private and public sector clients across 70 countries. 

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associate Kate Darracott. Partner Kathleen L. Ferrell and associate Yixuan Long provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

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