An update from Medtronic (MDT) is now available.
Medtronic, Inc. successfully issued a series of Senior Notes totaling €3 billion, with varying interest rates and maturities extending up to 2053, to be guaranteed by Medtronic plc and Medtronic Luxco. The company plans to utilize the €2.97 billion net proceeds for general corporate purposes, including debt repayment. The offering, expected to influence Medtronic’s fiscal year 2025 earnings, was underwritten by major financial institutions, with the Notes to be listed on the New York Stock Exchange.
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