Hp Will Give PC & Printer Division Most Of Its Debt After Split

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Hp Will Give PC & Printer Division Most Of Its Debt After Split

 news 2015-07-07 at 11:18:12 am Views: 279
  • #42921

    Hp Will Give PC & Printer Division Most Of Its Debt After Split

    HP Inc., the personal computer and printer company that will emerge from the split of Hewlett-Packard Co., is liable for most of the debt of the parent company, regulatory filings show.

    HP Enterprise, the other post-split entity that will focus on corporate computers and services, had total debt of $1.45 billion as of April 30, 2015, according to a filing with the U.S. Securities and Exchange Commission Wednesday. That's just 6.8 percent of Hewlett-Packard's $21.06 billion in long-term and short-term borrowings, according to data compiled by Bloomberg. The data suggests that the majority of debt obligations is attributable to HP Inc., according to the filing.

    HP's printer group has considerable operations in the Northwest. The company invented the inkjet printer in Corvallis and has operations in Vancouver and Boise, too.

    The final debt distribution between the two new companies hasn't been finalized. Hewlett-Packard said it may transfer some balance sheet items to HP Enterprise after the split.

    HP Enterprise will have less predictable business units with greater opportunity for growth, while HP Inc. will inherit the cash-generating PC and printer businesses. When the split was announced in October, Chief Financial Officer Cathie Lesjak said the enterprise company would have "a robust balance sheet" with its debt mainly related to its leasing business.

    – Bloomberg