Microsoft Corp. priced its $17 billion offering of senior unsecured notes.
The offering comprises $1.50 billion of 1.850% notes due Feb. 6, 2020; $1.75 billion of 2.400% notes due Feb. 6, 2022; $2.25 billion of 2.875% notes due Feb. 6, 2024; $4 billion of 3.300% notes due Feb. 6, 2027; $2.50 billion of 4.100% notes due Feb. 6, 2037; $3 billion of 4.250% notes due Feb. 6, 2047; and $2 billion of 4.500% notes due Feb. 6, 2057, the company said Jan. 30.
The software giant intends to use the net proceeds for general corporate purposes, which may include funding for working capital, capital expenditures, repurchases of its capital stock, acquisitions, and repayment of its existing debt, among other things. The offerings are expected to close Feb. 6.
The joint book-running managers for the offering are Barclays Capital Inc., HSBC Securities (USA) Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc., BNP Paribas Securities Corp. and BNY Mellon Capital Markets LLC. The co-managers for the offering are Academy Securities Inc., Blaylock Beal Van LLC, CAVU Securities LLC, C.L. King & Associates Inc., Drexel Hamilton LLC, Mischler Financial Group Inc., Samuel A. Ramirez & Co. Inc. and Siebert Cisneros Shank & Co. LLC.