Summary
Microsoft Corporation announced on November 2, 2012, that it entered into an Underwriting Agreement to issue and sell a significant amount of senior unsecured notes. The offering comprises three tranches: $600 million of 0.875% Notes due 2017, $750 million of 2.125% Notes due 2022, and $900 million of 3.500% Notes due 2042, totaling $2.25 billion in aggregate principal amount. These notes will rank equally with Microsoft's other unsecured and unsubordinated debt.
Key Highlights
- 1Microsoft to issue $2.25 billion in senior unsecured notes across three maturities (2017, 2022, 2042).
- 2The notes carry coupon rates of 0.875% (2017), 2.125% (2022), and 3.500% (2042).
- 3The issuance is structured through an Underwriting Agreement with major financial institutions acting as representatives.
- 4The notes will be governed by an indenture, as supplemented by a Fourth Supplemental Indenture.
- 5Interest payments will be made semi-annually on May 15 and November 15, commencing May 15, 2013.
- 6The notes represent Microsoft's senior unsecured obligations, pari passu with existing unsecured and unsubordinated debt.
- 7The filing references a Registration Statement on Form S-3 and related Prospectus and Prospectus Supplement filed with the SEC.