Hewlett Packard Enterprise Company’s $1.5 Billion Offering of Mandatory Convertible Preferred Stock

Cravath represented the underwriters in connection with the $1.5 billion offering of mandatory convertible preferred stock of Hewlett Packard Enterprise Company, an industry‑leading technology company. Proceeds of the offering were used to finance the acquisition of Juniper Networks, Inc. The transaction closed on September 13, 2024.

The Cravath team included partners Craig F. Arcella, Nicholas A. Dorsey and C. Daniel Haaren and associates Nicolas Thomson, Matthew C. Weinstein, Philip Iacovou and Joseph N. Kadoch on capital markets matters; partner Andrew T. Davis and associate Emily R. Eskin on tax matters; and associate Celine Li on executive compensation and benefits matters.