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IBM grosses €998.3 million from debt offering

International Business Machines Corp. raised gross proceeds of €998.3 million from an offering of 0.95% senior unsecured notes due May 23, 2025.

The company plans to use the proceeds for general corporate purposes or working capital.

Barclays Bank PLC, Deutsche Bank AG's London branch, Goldman Sachs & Co. LLC, SG Corporate & Investment Banking and UniCredit Bank AG were the lead underwriters.

Commerzbank AG, ING Bank NV's Belgium branch and Standard Chartered Bank also served as underwriters for the offering.