Microsoft seeking to restructure debt

Microsoft Corp (MSFT.O) plans to make a private offering of senior notes and use the proceeds to repay short-term debt, the company announced on Tuesday.

The Redmond, Washington-based company also said it intends to repurchase shares of its common stock during or after the private offering.

The offering represents $1.15 billion in aggregate principal amount of convertible senior notes due 2013. The initial buyers will have a 13-day option to purchase up to $100,000 principal amount of additional convertible notes.

Read Full Article from Reuters

- Posted: 2010-06-08 10:13:41

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