CSC Completes $1.7 Billion Senior Notes Offering
03 März 2008 - 5:54PM
PR Newswire (US)
EL SEGUNDO, Calif., March 3 /PRNewswire-FirstCall/ -- Computer
Sciences Corporation ("CSC") announced today that it has completed
the sale of $700,000,000 of 5.50% senior notes due 2013 (the "2013
Notes") and $1,000,000,000 of 6.50% senior notes due 2018 (the
"2018 Notes", and together with the 2013 Notes, collectively, the
"Notes") in a private offering. CSC will use the net proceeds of
the offering to repay commercial paper issued to finance the
acquisition of Covansys Corporation, and for general corporate
purposes. The Notes were offered and sold to qualified
institutional buyers in reliance on Rule 144A of the Securities Act
of 1933, as amended (the "Securities Act"), and to non-U.S. persons
in reliance on Regulation S under the Securities Act. The Notes
have not been registered under the Securities Act. Therefore, the
Notes may not be offered or sold absent registration under the
Securities Act or an exemption from the registration requirements
of the Securities Act and any applicable state or jurisdictional
securities laws. This press release does not and will not
constitute an offer to sell or the solicitation of an offer to buy
the Notes, nor has there been any sale of the Notes in any
jurisdiction in which any such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction. This press release is
being issued pursuant to and in accordance with Rule 135c under the
Securities Act. DATASOURCE: Computer Sciences Corporation CONTACT:
Mike Dickerson, Director, Media Relations, Corporate,
+1-310-615-1647, , or Bill Lackey, Director, Investor Relations,
Corporate, +1-310-615-1700, , both of Computer Sciences Corporation
Web site: http://www.csc.com/
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