The Firm represented Microsoft Corporation in connection with its offering of $13 billion aggregate principal amount of senior notes and its $5 billion senior unsecured credit agreement.
Microsoft offered $1.75 billion of 1.3% notes due 2018, $2.25 billion of 2% notes due 2020, $1 billion of 2.65% notes due 2022, $3 billion of 3.125% notes due 2025, $1 billion of 4.2% notes due 2035, $3 billion of 4.45% due 2045 and $1 billion of 4.75% notes due 2055. The net proceeds from the offerings will be used 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. Revolving credit loans under the credit agreement will be used to support Microsoft’s commercial paper program and for other general corporate purposes.
The Simpson Thacher team included Bill Brentani, Kirsten Davis, Kelli Schultz, Aditi Sherikar and Duncan Taylor (Capital Markets); Christopher Brown and James Doyle (Credit); and Katharine Moir and Noah Metz (Tax).
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