Microsoft Announces Debt Offerings

Microsoft Corp. on Jan. 30 announced the pricing of its offering of $17.00 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:

• $1.50 billion of 1.850 percent notes due February 6, 2020
• $1.75 billion of 2.400 percent notes due February 6, 2022
• $2.25 billion of 2.875 percent notes due February 6, 2024
• $4.00 billion of 3.300 percent notes due February 6, 2027
• $2.50 billion of 4.100 percent notes due February 6, 2037
• $3.00 billion of 4.250 percent notes due February 6, 2047
• $2.00 billion of 4.500 percent notes due February 6, 2057

Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of its capital stock, acquisitions, and repayment of its existing debt. The offerings are expected to close on February 6, 2017.