DXC Technology $230 million revolving facility increase
We advised the borrower on the financing
Davis Polk advised DXC Technology Company in connection with the addition of $230 million of incremental revolving commitments under DXC’s existing revolving credit facility. The addition of the incremental revolving commitments resulted in an increase in the aggregate outstanding size of the revolving credit facility from $3 billion to $3.23 billion. The proceeds of the facility will be used for general corporate purposes.
DXC is a world-leading independent, end-to-end IT services company, serving private and public sector clients from a diverse array of industries across 70 countries and employing more than 130,000 people. DXC’s technology independence, global talent and extensive partner network deliver transformative digital offerings and solutions that help clients harness the power of innovation to thrive on change.
The Davis Polk finance team included partner Vanessa L. Jackson and associate Amy Zhang. All members of the Davis Polk team are based in the New York office.