The Firm represented Microsoft Corporation in connection with its first-ever public offering of debt securities.
Microsoft offered $3.75 billion of debt securities, consisting of $2.0 billion of 2.95% Notes due 2014, $1.0 billion of 4.20% Notes due 2019 and $750 million of 5.20% Notes due 2039. The underwriting syndicate for the debt offering was led by J.P. Morgan, Morgan Stanley, Banc of America Securities LLC and Citi. The net proceeds from the transaction will be used for general corporate purposes, which may include funding for working capital, capital expenditures, repurchases of capital stock and acquisitions.
Microsoft is the worldwide leader in software, services and solutions for people and businesses.
The Simpson Thacher team for the debt offering included, among others, Glenn M. Reiter, Kirsten L. Davis and Jordan Bleicher (Capital Markets), Jonathan Cantor and Amie Broder (Tax), and Marcela Robledo (Intellectual Property).