11:06 AM EDT, 09/11/2024 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) is talking with investors on Wednesday on a potential $9.5 billion debt deal to support the acquisition of Juniper Networks, Bloomberg reported.

Calls with potential bond investors started at 10 am New York time with JPMorgan Chase ( JPM ) coordinating the talks, and a bond offering may follow, Bloomberg reported Wednesday.

A representative for Hewlett Packard Enterprise ( HPE ) declined to comment, Bloomberg said.

The company said in a regulatory filing that a deal to back the Juniper acquisition is expected to comprise $6.5 billion of senior unsecured notes and a $3 billion three-year term loan.

Hewlett Packard Enterprise ( HPE ) said late Tuesday it priced a public offering of 27 million shares of series C mandatory convertible preferred stock at $50 apiece for gross proceeds of up to $1.46 billion, depending on an underwriter option to buy additional shares. Proceeds will be for the Juniper deal.

In an email to MT Newswires, Hewlett Packard Enterprise ( HPE ) declined to comment on ongoing offerings and cited the regulatory filing.

Shares of the company fell 1.5% in recent trading Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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