LONG-TERM DEBT (Notes)

6 Months Ended

Apr. 30, 2023

Term Loan Facility

On April 15, 2022, we entered into a term loan agreement with a group of financial institutions, which provided for a $600 million delayed draw term loan that will mature on April 15, 2025. As of April 30, 2023, we had $600 million borrowings outstanding under the term loan facility and had a weighted average interest rate of 5.81 percent. Loans under the term loan agreement bear interest, at our option, either at: (i) the alternate base rate, as defined in the term loan agreement, plus the applicable margin for such loans or (ii) adjusted term SOFR, as defined in the term loan agreement, plus the applicable margin for such loans. The term loan agreement contains customary representations and warranties as well as customary affirmative and negative covenants. We were in compliance with the covenants for the term loan during the six months ended April 30, 2023.

Senior Notes

The following table summarizes the company’s long-term senior notes:


	April 30, 2023		October 31, 2022
	Amortized Principal		Amortized Principal
	(in millions)
2026 Senior Notes	299		299
2029 Senior Notes	495		495
2030 Senior Notes	496		496
2031 Senior Notes	843		843
Total Senior Notes	$	2,133	$	2,133

All outstanding notes listed above are unsecured and rank equally in right of payment with all of Agilent’s other senior unsecured indebtedness. There have been no other changes to the principal, maturity, interest rates and interest payment terms of the Agilent senior notes, detailed in the table above, in the six months ended April 30, 2023, as compared to the senior notes described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2022.