---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-085642"
form_type: "8-K"
ticker: "MDT"
cik: "0001613103"
company_name: "Medtronic plc"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:14:53.301375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Medtronic issues $2B in senior notes to refinance JPY term loan

## Summary
- Issued $1B of 4.250% Senior Notes due 2028 and $1B of 4.500% Senior Notes due 2033.
- Net proceeds of ~$1.98B to prepay portion of ¥297B (~$2.3B) JPY term loan.
- Notes fully and unconditionally guaranteed by Medtronic plc and Medtronic, Inc.
- Interest expense impact from offering and related transactions expected immaterial.
- Underwriters include Barclays, J.P. Morgan, and Mizuho Securities.

## SEC filing metadata
- accession: 0001193125-23-085642
- form_type: 8-K
- ticker: MDT
- cik: 0001613103
- company_name: Medtronic plc
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1613103/000119312523085642/0001193125-23-085642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1613103/000119312523085642/d490503d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-085642
- JSON: https://secwatch.observer/filing/0001193125-23-085642.json
- Plain text: https://secwatch.observer/filing/0001193125-23-085642.txt

## Key facts
- Material Agreements
  Medtronic plc entered into Seventh Supplemental Indenture with Computershare Trust Company, N.A., as trustee valued at $1,000,000,000 aggregate principal amount of its 4.250% Senior Notes due 2028 and $1,000,000,000 agg (effective 2023-03-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, N.A., as trustee
  - Value: $1,000,000,000 aggregate principal amount of its 4.250% Senior Notes due 2028 and $1,000,000,000 agg
  - Effective: 2023-03-30
  source text: The Seventh Supplemental Indenture dated as of March 30, 2023 (the “Seventh Supplemental Indenture” and together with the Sixth Supplemental Indenture and the Base Indenture, the “Indenture”) among Medtronic Luxco, Medtronic, Inc., Medtronic plc and the Trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1613103/000119312523085642/0001193125-23-085642-index.htm

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