DXC Technology Co. secured a €400 million senior unsecured term loan credit agreement from Mizuho Bank Ltd.

Borrowings under the agreement bear interest at the Euro Interbank Offered Rate for a one, two, three or six-month interest period, as elected by DXC Technology, plus 0.65%. They will be payable on the last day of each interest period, three months after the first day of a six-month interest period, as well as on the maturity date.

The agreement will mature May 10, 2019. Prepayment of outstanding amounts will be allowed at any time and cannot be redrawn.

Proceeds were used to repay amounts outstanding under a term loan credit agreement dated Sept. 14, 2017, among DXC Technology subsidiary ES Sinope Holding BV, The Bank of Tokyo-Mitsubishi UFJ Ltd., as administrative agent, and certain lenders.