[Techtaffy Newsdesk]
Microsoft has announced the pricing of its offering of $2.25 billion of senior unsecured notes. The notes consist of the following tranches:
- $600 million of 0.875% notes due Nov. 15, 2017
- $750 million of 2.125% notes due Nov. 15, 2022
- $900 million of 3.500% notes due Nov. 15, 2042
Microsoft says it intends to use the net proceeds from the offering for general corporate purposes, which may include funding for working capital, capital expenditures, repurchases of stock, acquisitions and repayment of existing debt.
The offering is expected to close on Nov. 7, 2012.