secwatch.observer — SEC 8-K summary
======================================

Issuer:     MICROSOFT CORP (MSFT)
CIK:        0000789019
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001193125-23-271376
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microsoft issues $3.39B in new notes to exchange Activision Blizzard debt; $258M remains outstanding
--------------------------------------------------------------------------------

- Early settlement of exchange offers completed Nov 6, 2023; Microsoft issued five series of new notes totaling $3.389B.
- Tendered Activision Blizzard notes: 3.400% 2026, 3.400% 2027, 1.350% 2030, 4.500% 2047, 2.500% 2050.
- Remaining outstanding Activision Blizzard notes aggregate $257.9M across all five series.
- Supplemental indentures executed to eliminate certain covenants and events of default; registration rights agreement signed.
- New Microsoft notes are senior unsecured obligations, ranking equally with other unsubordinated debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789019/000119312523271376/0001193125-23-271376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789019/000119312523271376/d566386d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-271376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer