Medtronic Subsidiary Prices Senior Notes Offering
Portfolio Pulse from Benzinga Newsdesk
Medtronic, Inc. has priced an offering of €3 billion in senior notes with varying maturities and interest rates. The proceeds will be used for general corporate purposes, including debt repayment.
May 29, 2024 | 9:13 pm
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Medtronic, Inc. has priced an offering of €3 billion in senior notes with maturities ranging from 2029 to 2053 and interest rates between 3.650% and 4.150%. The proceeds will be used for general corporate purposes, including debt repayment.
The successful pricing of senior notes indicates strong investor confidence and provides Medtronic with liquidity to manage its debt and fund other corporate activities. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100