Microsoft Prices $25 Billion Senior Unsecured Notes Offering Across Ten Tranches

Microsoft Corp. (MSFT) on Friday priced $25 billion in aggregate principal amount of senior unsecured notes, spanning ten tranches of floating- and fixed-rate debt with maturities ranging from 2028 to 2066. The fixed-rate tranches carry coupons from 4.85% on $2.00 billion due November 2028 up to 6.35% on $2.00 billion due November 2066; the offering also includes $1.00 billion of floating-rate notes due November 2028 and $1.00 billion due November 2029. Microsoft said it will use net proceeds for working capital, capital expenditures, stock repurchases, acquisitions and repayment of existing debt. The offering is expected to close on November 4. The software giant's shares closed Thursday at $530.14, down 0.16% on the Nasdaq.