05:27 PM EDT, 05/29/2024 (MT Newswires) -- Medtronic ( MDT ) said Wednesday its Medtronic ( MDT ) unit priced an offering of 3 billion euros ($3.24 billion) of senior notes.

The offering consists of 850 million euros of 3.65% senior notes due 2029, 850 million euros of 3.875% senior notes due 2036, 600 million euros of 4.15% senior notes due 2043, and 700 million euros of 4.15% senior notes due 2053, the company said.

Net proceeds from the offering will be used for general corporate purposes, including repayment of outstanding commercial paper and other indebtedness, the company added.

Medtronic ( MDT ) said it expects to close the offering Monday.

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