debt
confidence high
sentiment neutral
materiality 0.55
Medtronic issues €3.0B in senior notes across four tranches; net proceeds ~€2.97B for general corporate purposes
Medtronic plc
- Issued €850M 3.650% notes due 2029, €850M 3.875% due 2036, €600M 4.150% due 2043, €700M 4.150% due 2053.
- Net proceeds of ~€2.97B after underwriting discount and expenses.
- Proceeds to be used for general corporate purposes, may include repayment of commercial paper and other debt.
- Notes fully and unconditionally guaranteed by Medtronic plc and Medtronic Global Holdings S.C.A.
- Financial impact already reflected in FY2025 adjusted EPS guidance announced May 23, 2024.