Cases & Deals

Agilent Technologies repurchases structured preferred stock

Clients Agilent Technologies, Inc.

Jones Day represented Agilent Technologies World Trade, Inc. ("World Trade"), a wholly-owned subsidiary of Agilent Technologies, Inc. ("Agilent"), in connection with a $1.5 billion Master Repurchase Agreement and related Confirmation (together, the "Repurchase Agreement") with a commercial paper conduit counterparty pursuant to which World Trade sold to the counterparty, for an aggregate purchase price of $1.5 billion, Class A Preferred Shares of its wholly-owned Cayman Islands special purpose subsidiary, Agilent Technologies (Cayco) Limited (the "Purchased Securities"), having an aggregate liquidation preference of $1.5 billion. Agilent applied a portion of the proceeds from the Repurchase Agreement to repay existing debt and to help finance its share repurchase program.