---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-135320"
form_type: "8-K"
ticker: "MDT"
cik: "0001613103"
company_name: "Medtronic plc"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:05:57.206352+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-135320
- form_type: 8-K
- ticker: MDT
- cik: 0001613103
- company_name: Medtronic plc
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1613103/000119312522135320/0001193125-22-135320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1613103/000119312522135320/d347836d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-135320
- JSON: https://secwatch.observer/filing/0001193125-22-135320.json
- Plain text: https://secwatch.observer/filing/0001193125-22-135320.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.