Microsoft announces redemption notice

Rhea-AI Summary

Microsoft (Nasdaq: MSFT) has announced plans to redeem its outstanding 2.125% Notes due Dec. 6, 2021, totaling €1.75 billion. The redemption will occur on Sept. 6, 2021, at 100% of the principal amount plus any accrued interest. This action reflects the company's financial strategy in managing its debt obligations. Notably, the press release clarifies that this announcement does not serve as a redemption notice; registered holders must refer to the official notice from the trustee, Bank of New York Mellon Trust Company, N.A..

Positive

• Planned redemption of €1.75 billion in 2.125% Notes indicates strong financial management.
• Redemption at 100% of principal plus accrued interest shows liquidity and commitment to debt obligations.

Negative

• None.

REDMOND, Wash., July 8, 2021 /PRNewswire/ -- Microsoft (Nasdaq: MSFT) (the "Company") today announced it will redeem all of the Company's outstanding 2.125% Notes due Dec. 6, 2021 (ISIN XS1001749107), issued in the principal amount of €1,750,000,000 (the "Notes").  

The Notes will be redeemed on Sept. 6, 2021, pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

This press release does not constitute a notice of redemption of the Notes. Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by Bank of New York Mellon Trust Company, N.A., the trustee with respect to the Notes.

 

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SOURCE Microsoft Corp.

FAQ

When will Microsoft redeem the 2.125% Notes due December 2021?

Microsoft will redeem the 2.125% Notes on September 6, 2021.

What is the principal amount of the Notes being redeemed by Microsoft?

The principal amount of the Notes being redeemed is €1.75 billion.

Who should holders of the Notes contact for the redemption notice?

Holders should refer to the notice of redemption delivered by Bank of New York Mellon Trust Company, N.A.

What will Microsoft pay to redeem the Notes?

Microsoft will pay 100% of the principal amount plus accrued and unpaid interest.