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HP Inc. publicizes Closing of Its Inaugural $1 Billion Sustainability Notes providing

PALO ALTO, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today introduced the closing of its inaugural sustainability notes issuance, totaling $1 billion, which became a part of a $2 billion basic debt offering.

The sustainability notes are designed to empower investors to be part of HP in tackling vital financial, social and sustainability considerations. This providing follows a contemporary $5 billion, five-yr revolving credit facility structured because the enterprise’s inaugural sustainability-linked personal loan (SLL), which closed on can also 26, 2021.  

beneath the SLL, HP’s objectives are aligned with the desires of achieving internet zero greenhouse gasoline (GHG) emissions throughout the HP price chain by means of 2040 and doubling the variety of Black and African American executives inside the enterprise with the aid of 2025. The pricing of the SLL will raise or reduce in keeping with whether HP reaches those goals, providing a fiscal incentive for the company to satisfy these goals.

“HP has set an bold agenda to develop into probably the most sustainable and simply business within the trade,” stated Chief monetary Officer Marie Myers. “Issuing our inaugural sustainability notes in addition to our first-ever sustainability-linked loan greatly demonstrates our dedication to creating a favorable environmental and social have an effect on.”

As outlined in the HP Sustainable Bond Framework, the proceeds of the sustainability notes will be used to fund initiatives throughout seven green bond eligible task classes besides one social bond eligible mission categoy, including: renewable power; green buildings; energy efficiency; clear transportation; pollutants prevention and handle; eco-effective and/or circular economic system products, construction applied sciences and processes; environmentally sustainable administration of dwelling natural materials and land use; and socioeconomic advancement and empowerment.

HP will publish a Sustainable Bond file, starting in 2022 unless the full allocation of the internet proceeds from the sale of any Sustainable Bonds. extra counsel on this topic is purchasable at https://investor.hp.com/governance/sustainability/.

About HPHP Inc. creates know-how that makes lifestyles more desirable for every person, in every single place. via our product and repair portfolio of private methods, printers, and 3D printing solutions, we engineer experiences that amaze. greater suggestions about HP Inc. is obtainable at http://www.hp.com.

forward-searching Statements

This press unlock may comprise ahead-searching statements in the which means of the federal securities legal guidelines. any such statements contain dangers, uncertainties, and assumptions. If such dangers or uncertainties materialize or such assumptions prove incorrect, the results of HP Inc. (“HP”) and its consolidated subsidiaries might fluctuate materially from these expressed or implied via such ahead-looking statements and assumptions. All statements apart from statements of historic truth are statements that may be deemed ahead-searching statements, including any statements of the plans, thoughts, and pursuits of HP for future operations; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. risks, uncertainties, and assumptions consist of the possibility that the business may additionally not achieve its environmental and social dreams; that the business may also not correctly identify and/or complete eligible projects; and different hazards that are described in HP’s SEC reports, together with but no longer restricted to the risks described in HP’s Annual document on kind 10-k for its fiscal 12 months ended October 31, 2020 and HP’s other filings with the Securities and exchange fee. HP assumes no duty and doesn't intend to replace these forward-looking statements.

HP’s Investor members of the family web page at investor.hp.com includes a significant volume of suggestions about HP, together with monetary and other advice for traders. HP encourages buyers to discuss with its web site now and again, as suggestions is updated, and new information is posted.

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