debt
confidence high
sentiment neutral
materiality 0.50
Medtronic issues €1.5B in senior notes; redeems €500M of 2025 notes
Medtronic plc
- Issued €750M of 2.950% Senior Notes due 2030 and €750M of 4.200% Senior Notes due 2045.
- Net proceeds of ~€1.49B; proceeds to repay Medtronic Luxco's 0.000% and 2.625% notes due 2025.
- On Sept 29, redeemed all €500M of Medtronic Luxco's 2.625% Senior Notes due 2025 at par plus accrued interest.
- Notes are guaranteed by Medtronic plc and Medtronic Luxco; listed on NYSE.
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