Welcome to our dedicated page for Hp news (Ticker: HPQ), a resource for investors and traders seeking the latest updates and insights on Hp stock.
HP Inc. (NYSE: HPQ) is a global technology leader driving innovation in personal computing, hybrid work solutions, and advanced 3D printing. This page aggregates official announcements and market-moving developments for investors and industry observers.
Access curated press releases covering quarterly earnings, product launches (including AI-enabled PCs and sustainable devices), strategic partnerships, and advancements in additive manufacturing. Our repository helps stakeholders track HP’s progress in redefining digital experiences through engineering excellence and channel-driven growth.
Discover updates on HP’s global initiatives, including environmental sustainability programs and collaborations with technology partners. All content is sourced directly from verified corporate communications to ensure reliability.
Bookmark this page for streamlined access to HP’s latest business milestones, financial disclosures, and innovations shaping the future of computing and smart manufacturing.
HP Inc. (NYSE: HPQ) announced the redemption of all remaining Global Notes, totaling approximately $867.5 million, on July 22, 2020. This includes $472.3 million of 3.750% Notes due December 1, 2020, and $395.2 million of 4.300% Notes due June 1, 2021. Notices will be sent by The Bank of New York Mellon Trust Company. This move is part of HP's strategy to strengthen its balance sheet, which includes a recent $3 billion public offering of senior unsecured notes and the establishment of a new $1 billion revolving credit facility. The actions aim to enhance financial flexibility and support future investments.
HPQ announced the expiration and results of its cash offers to purchase specific Notes, with the Offers concluding on June 16, 2020. HP accepted all validly tendered Notes, totaling approximately $682.5 million. The Offers required a successful $3.0 billion New Offering, completed on June 9, 2020, to fund the Total Consideration and accrued payments. Acceptance of tendered Notes is also subject to delivery by June 18, 2020. J.P. Morgan, Morgan Stanley, and Wells Fargo acted as Lead Dealer Managers, with D.F. King serving as Information and Tender Agent.
HP Inc. launched the innovative HP ENVY 6000 printer series, designed for busy families balancing work and education at home. This series features a smart user interface, self-healing dual-band Wi-Fi, and integration with the HP Smart app for effortless setup and printing. The printers are also environmentally friendly, made from over 20% recycled plastic. Additionally, HP introduced over 50 hours of free educational printables to assist families in STEM learning. The Instant Ink service ensures users never run out of ink, with savings of up to 50% on replacement cartridges.
HP Inc. (HPQ) announced a public offering of $3 billion in senior unsecured notes, including various maturities and interest rates. The offering consists of $1.15 billion of 2.200% notes due 2025, $1 billion of 3.000% notes due 2027, and $850 million of 3.400% notes due 2030. Proceeds will be used to fund tender offers for existing notes and for general corporate purposes, including debt refinancing and share repurchases. The issuance is set to close on June 17, 2020, pending customary conditions.
HPQ has amended the financing condition for its cash offers to purchase specific series of notes totaling over $2 billion. With the new requirement set at a minimum of $3 billion in new offerings, HPQ aims to ensure sufficient funding for the total considerations applicable to the tendered notes. The expiration date for these offers remains on June 16, 2020. Additionally, HPQ has priced $1.15 billion in 2.200% notes due in 2025, $1 billion in 3.000% notes due in 2027, and $850 million in 3.400% notes due in 2030.
HPQ announced cash offers to purchase all outstanding Notes, totaling $3.5 billion, as part of its strategy to retire debt. The Notes include four series with varying maturities, offering total considerations per $1,000 principal ranging from $1,015 to $1,056.75. The Offers commence on June 9, 2020, and expire on June 16, 2020. The completion of the Offers is contingent upon successfully raising at least $2.5 billion through new note offerings. Notably, HP retains the right to amend or terminate the Offers.
HP and OECHSLER have formed a strategic alliance aimed at accelerating the mass production of 3D printed parts. This partnership will leverage HP's Jet Fusion 5200 3D printers to produce high-quality components for the automotive, home appliance, and medical industries. The collaboration includes the joint development of new applications using advanced materials, including BASF's polypropylene. This initiative is expected to transform the product lifecycle, offering customers enhanced quality, speed, and cost savings in digital manufacturing.
HP Inc. has launched the HP Reverb G2, a state-of-the-art virtual reality headset developed in collaboration with Valve and Microsoft. This headset boasts the highest resolution among major vendors and includes advanced features like 2K by 2K resolution per eye, spatial audio, and 114-degree field of view for enhanced immersion. Scheduled for availability in Fall 2020 at a price of $599, it aims to serve gamers, creators, and educational sectors. Pre-orders start on May 28, 2020, via HP and select platforms.
HP Inc. has announced a cash dividend of $0.1762 per share on its common stock, marking the third dividend of fiscal year 2020. This dividend is payable on July 1, 2020, to shareholders recorded by the close of business on June 10, 2020. With approximately 1.4 billion shares outstanding, this dividend reflects HP's commitment to returning value to its shareholders.
HP Inc. is actively supporting healthcare and communities during the COVID-19 pandemic through various initiatives. The company has printed over 200,000 photo stickers for medical personnel in Israel to ease patient anxiety. Moreover, a partnership with Postable aims to send thank-you cards to frontline workers, with profits supporting the Frontline Responders Fund. HP also collaborates with CompanyBox to provide sealed delivery boxes for restaurants and has helped produce millions of hand sanitizer labels for hospitals. These efforts showcase HP's commitment to innovation and community support.
