debt
confidence high
sentiment neutral
materiality 0.50
Medtronic prices €1.5B dual-tranche note offering; redeems €500M 2.625% notes due 2025
Medtronic plc
- Issues €750M of 2.950% Senior Notes due 2030 and €750M of 4.200% Senior Notes due 2045.
- Net proceeds intended to repay €500M of 2.625% Senior Notes due 2025 and €0% notes due 2025.
- Redemption of 2.625% notes set for September 29, 2025, conditioned on closing of new notes.
- Notes are fully and unconditionally guaranteed by Medtronic plc and Medtronic Global Holdings S.C.A.
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