- Medtronic's (NYSE:MDT) wholly owned subsidiary, Medtronic Global Holdings, priced its offering of:
- €1.25B of 0.000% senior notes due 2023
- €1B amount of 0.000% senior notes due 2025
- €1B amount of 0.375% senior notes due 2028
- €1B amount of 0.750% senior notes due 2032
- €1B amount of 1.375% senior notes due 2040, and
- €1B amount of 1.625% senior notes due 2050.
- The proceeds will be used to repay Medtronic Luxco's outstanding Floating Rate Senior Notes due 2021 at maturity on March 7, 2021, and to redeem all or a portion of certain series of outstanding senior notes issued by Medtronic Luxco, Medtronic and Covidien International Finance, a wholly owned indirect subsidiary of the company.
- Offering expected to close on September 29.