Microsoft announces debt offerings

REDMOND, Wash. — Aug. 1, 2016 — Microsoft Corp. on Aug. 1 announced the pricing of its offering of $19.75 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:

• $2.50 billion of 1.100 percent notes due Aug. 8, 2019
• $2.75 billion of 1.550 percent notes due Aug. 8, 2021
• $1.50 billion of 2.000 percent notes due Aug. 8, 2023
• $4.00 billion of 2.400 percent notes due Aug. 8, 2026
• $2.25 billion of 3.450 percent notes due Aug. 8, 2036
• $4.50 billion of 3.700 percent notes due Aug. 8, 2046
• $2.25 billion of 3.950 percent notes due Aug. 8, 2056

Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, acquisitions (including its previously announced acquisition of LinkedIn Corp.), funding for working capital, capital expenditures, repurchases of its capital stock and repayment of its existing debt. The offerings are expected to close on Aug. 8, 2016.


The joint book-running managers for the offering are J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., and U.S. Bankcorp Investments Inc. The co-managers for the offering are Academy Securities Inc., Blaylock Beal Van LLC, CastleOak Securities L.P., C.L. King & Associates Inc., CAVU Securities LLC, Drexel Hamilton LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, MFR Securities Inc., Mischler Financial Group Inc., Samuel A. Ramirez & Company Inc., Siebert Brandford Shank & Co. L.L.C., and The Williams Capital Group L.P.

A copy of the prospectus relating to the offering may be obtained by calling J.P. Morgan Securities LLC collect at 1 (212) 834-4533 [Call: 1 (212) 834-4533] ; by calling Merrill Lynch, Pierce, Fenner & Smith Inc. toll-free at 1 (800) 294-1322 [Call: 1 (800) 294-1322] ; by calling Wells Fargo Securities LLC toll-free at 1 (800) 645-3751 [Call: 1 (800) 645-3751] or by emailing wfscustomerservice@wellsfargo.com; by calling Barclays Capital Inc. toll-free at 1 (888) 603-5847 [Call: 1 (888) 603-5847] or by emailing barclaysprospectus@broadridge.com; by calling Citigroup Global Markets Inc. toll-free at 1 (800) 831-9146 [Call: 1 (800) 831-9146] or by emailing prospectus@citi.com; by calling Goldman, Sachs & Co. toll-free at 1 (866) 471-2526 [Call: 1 (866) 471-2526] or by emailing prospectus-ny@ny.email.gs.com; by calling HSBC Securities (USA) Inc. toll-free at 1 (866) 811-8049 [Call: 1 (866) 811-8049] ; by calling U.S. Bancorp Investments, Inc. at 1 (877) 558-2607 [Call: 1 (877) 558-2607] ; or by contacting any of the other underwriters of the offering.

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world and its mission is to empower every person and every organization on the planet to achieve more.

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