Medtronic plc 8-K Report, Regulation FD Disclosure (Mar 9, 2023)

Summary

Medtronic plc (MDT) filed an 8-K on March 9, 2023, to address an erroneous communication regarding the redemption of its 0.000% Senior Notes due 2025, issued by its subsidiary Medtronic Global Holdings S.C.A. ("Medtronic Luxco"). The company clarified that Medtronic Luxco has not issued any notice of redemption for these notes. This disclosure was made to correct misinformation that had been erroneously communicated to data providers like Bloomberg and subsequently disseminated more widely. Investors should be aware that this filing is purely for informational purposes to correct a factual error and does not indicate any changes to Medtronic's debt obligations or financial strategy related to these specific notes.

Key Highlights

• 1Medtronic Luxco has NOT issued a notice of redemption for the 0.000% Senior Notes due 2025.
• 2The erroneous redemption notice was communicated by a third party to data providers, including Bloomberg.
• 3The misinformation was subsequently made available by various sources more broadly.
• 4Medtronic plc is issuing this 8-K to correct the inaccurate information.
• 5This filing is a Regulation FD disclosure to ensure fair and timely dissemination of material information.
• 6No changes to the company's debt obligations related to these specific notes are indicated by this event.

Frequently Asked Questions