Medtronic issues €3.5B senior notes in four tranches to refinance near-term debt

Medtronic plc

Issued €500M 2.625% notes due 2025, €1B 3.000% due 2028, €1B 3.125% due 2031, €1B 3.375% due 2034.
Net proceeds ~€3.47B; to repay outstanding 0.00% notes due 2022, 0.375% and 0.00% notes due 2023.
Notes are senior unsecured obligations guaranteed by Medtronic plc and Medtronic, Inc.
Offering closed Sep 21, 2022; impact reflected in FY2023 adjusted EPS guidance reiterated Aug 23.

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