Medtronic enters ¥300B term loan; to redeem $2.27B in senior notes due 2025/2027

Medtronic plc

Entered into a ¥300B (approx. $2.3B) 364-day unsecured term loan with Mizuho Bank at TIBOR+0.40%.
Proceeds to redeem $1.9B of Medtronic Inc. 3.500% notes due 2025 and $368M of Medtronic Luxco 3.350% notes due 2027.
Redemption dates: May 17, 2022 for 2027 notes; June 1, 2022 for 2025 notes.
Expects transactions to benefit FY2023 interest expense, partly offset by higher U.S. tax and global rates.
Will provide FY2023 guidance on upcoming FY2022 Q4 earnings call.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.