debt
confidence high
sentiment neutral
materiality 0.55
Microsoft reports ~88-98% of Activision Blizzard notes tendered in exchange offer
MICROSOFT CORP
- Up to $3.65B in new Microsoft notes offered to exchange any and all Activision Blizzard notes.
- Early tender results: 89.7% for 2026 notes, 88.3% for 2027, 88.6% for 2030, 97.8% for 2047, 96% for 2050.
- Activision Blizzard received requisite consents to amend indentures; early settlement expected Nov 6, 2023.
- Exchange offers and consent solicitations expire Nov 14, 2023; holders after early tender get lower consideration.