IBM SPSS Statistics(R) Certification Level 1 (formerly PASW Statistics)
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IBM (IBM +0.6%) launches a $20B bond sale to aid with its purple Hat (NYSE:RHT) acquisition, which is valued at roughly $33B and is anticipated to shut in H2.
The debt offering is in eight components ranging from $1.5B two-12 months fixed at +50 to $3B 30-12 months mounted at +145. (Bloomberg facts)
IBM has a pre-acquisition debt load of about $50B however nevertheless has high credit ratings. The company plans to droop buybacks in 2020 and 2021 to funnel most of the FCF towards paying down the debt.
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