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Microsoft Inks $8 Billion Dual-Currency Debt Deal

By TechTaffy Desk

microsoft

Microsoft released the pricing of its offerings of €3.5 billion of senior unsecured notes and $3.25 billion of senior unsecured notes on Tuesday, for a combined $8 billion deal.

Microsoft says it intends to use the proceeds from the offerings for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of capital stock, acquisitions and repayment of existing debt. The offerings are expected to close on Dec. 6, 2013.

[Image courtesy: Microsoft]

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