IBM Unica Enterprise Campaign Technical Mastery Test v1
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IBM (IBM +0.6%) launches a $20B bond sale to support with its purple Hat (NYSE:RHT) acquisition, which is valued at roughly $33B and is anticipated to shut in H2.
The debt providing is in eight ingredients starting from $1.5B two-12 months fastened at +50 to $3B 30-year fastened at +a hundred forty five. (Bloomberg facts)
IBM has a pre-acquisition debt load of about $50B but still has excessive credit score scores. The company plans to droop buybacks in 2020 and 2021 to funnel lots of the FCF against paying down the debt.
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