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IBM Corp | 424B5: Prospectus

SEC announcement ·  Jan 31 16:19
Summary by Moomoo AI
IBM International Capital Pte. Ltd., a finance subsidiary of International Business Machines Corporation (IBM), has announced the issuance of a series of debt securities fully and unconditionally guaranteed by IBM. The securities, which have not been specified in amount, will be offered in various series with terms to be detailed in future prospectus supplements. The debt securities will be senior unsecured obligations of IBM International Capital Pte. Ltd. and will rank equally with other unsecured and unsubordinated debt. IBM will fully and unconditionally guarantee the debt securities, with the guarantee ranking equally with IBM's other unsecured and unsubordinated debt. The proceeds from the sale of the debt securities are intended for general corporate purposes, which may include debt repayment or other extensions of credit to IBM or its subsidiaries. The offering will be governed by New York law, and the securities may be offered through underwriters, agents, or directly to purchasers. The announcement was made on January 29, 2024, as part of a shelf registration process.
IBM International Capital Pte. Ltd., a finance subsidiary of International Business Machines Corporation (IBM), has announced the issuance of a series of debt securities fully and unconditionally guaranteed by IBM. The securities, which have not been specified in amount, will be offered in various series with terms to be detailed in future prospectus supplements. The debt securities will be senior unsecured obligations of IBM International Capital Pte. Ltd. and will rank equally with other unsecured and unsubordinated debt. IBM will fully and unconditionally guarantee the debt securities, with the guarantee ranking equally with IBM's other unsecured and unsubordinated debt. The proceeds from the sale of the debt securities are intended for general corporate purposes, which may include debt repayment or other extensions of credit to IBM or its subsidiaries. The offering will be governed by New York law, and the securities may be offered through underwriters, agents, or directly to purchasers. The announcement was made on January 29, 2024, as part of a shelf registration process.
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