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|Microsoft announces debt offerings|
|Posted: Tue Aug 02, 2016 08:50:07 AM|
REDMOND, Wash. — Aug. 1, 2016 — Microsoft Corp. on Aug. 1 announced the pricing of its offering of $19.75 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:
Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, acquisitions (including its previously announced acquisition of LinkedIn Corp.), funding for working capital, capital expenditures, repurchases of its capital stock and repayment of its existing debt. The offerings are expected to close on Aug. 8, 2016.