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IWETHEY Home / IWETHEY Board / Open Forum / Re: MSFT $37B CoH, $6B debt, APPL $23B (or $42B) CoH $0 debt
Post #326,913
by pwhysall
Picture of pwhysall
5/27/10 4:38:16 AM
Reply
New Re: MSFT $37B CoH, $6B debt, APPL $23B (or $42B) CoH $0 debt
I wonder how MS managed to accrue $6B of debt.

XBox?
Post #326,914
by Another Scott
5/27/10 7:14:51 AM
Reply
New Bonds.
http://www.microsoft...=Press%20Releases

Microsoft Announces Debt Offering
Offering is part of $6 billion debt authorization by board of directors in September 2008.

REDMOND, Wash. — May 11, 2009 — Microsoft Corp. today announced the pricing of its offering of $3.75 billion of senior unsecured notes. The notes consist of the following tranches:
• $2 billion of 2.95 percent notes due June 1, 2014
• $1 billion of 4.20 percent notes due June 1, 2019
• $750 million of 5.20 percent notes due June 1, 2039

Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include funding for working capital, capital expenditures, repurchases of stock and acquisitions. The offering is expected to close on May 18, 2009.

[...]


I guess the "free money" from the stock market wasn't enough for them to keep up with their spending, or something. Whether it was related to XBox or their phone(s) or Bing or MSNBC or ..., I can't say.

FWIW.

Cheers,
Scott.
     Apple Surpasses Microsoft as Most Valuable Technology Co. - (Ashton) - (12) - May 26, 2010, 04:15:06 PM EDT
         and billy owns 20% or so, crafty beggar -NT - (boxley) - (5) - May 26, 2010, 04:43:41 PM EDT
             wouldn't he (or MS) show up in the Major Holders list? - (SpiceWare) - (3) - May 26, 2010, 04:57:19 PM EDT
                 Don't see Jobs there either. -NT - (beepster) - (2) - May 26, 2010, 05:17:10 PM EDT
                     thought that was odd too - (SpiceWare) - (1) - May 26, 2010, 05:49:15 PM EDT
                         Those lists apparently don't have everyone. - (Another Scott) - May 26, 2010, 07:42:56 PM EDT
             sold them in 2003 - (boxley) - May 26, 2010, 06:17:52 PM EDT
         I like the Dell comparison - (SpiceWare) - (1) - May 26, 2010, 04:59:42 PM EDT
             Did the cocky little sucker really Say That?!? ... Yup: - (Ashton) - May 27, 2010, 01:46:28 PM EDT
         Hmm. - (pwhysall) - (3) - May 26, 2010, 10:29:40 PM EDT
             MSFT $37B CoH, $6B debt, APPL $23B (or $42B) CoH $0 debt - (SpiceWare) - (2) - May 27, 2010, 01:13:21 AM EDT
                 Re: MSFT $37B CoH, $6B debt, APPL $23B (or $42B) CoH $0 debt - (pwhysall) - (1) - May 27, 2010, 04:38:16 AM EDT
                     Bonds. - (Another Scott) - May 27, 2010, 07:14:51 AM EDT

Damn thing ate it's way out of the box it was in and lived in my closet for a month.
127 ms