Medtronic, Inc. Announces Public Offering of Senior Notes

MINNEAPOLIS--(BUSINESS WIRE)--Medtronic, Inc. (NYSE:MDT) today announced a registered offering of $1.25 billion of its 3.0 percent Senior Notes due 2015, $1.25 billion of its 4.45 percent Senior Notes due 2020 and $500 million of its 5.55 percent Senior Notes due 2040 (collectively, the “Notes”). Medtronic intends to use the net proceeds for working capital and general corporate purposes, which may include the repayment of its indebtedness.

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