Microsoft May Sell Debt to Reward Stockholders : Report

Bloomberg reports that software giant Microsoft (MSFT) may sell senior unsecured notes as soon as today to reward shareholders. According to a regulatory filing that didn’t specify timing or maturity of the sale, the proceeds may be used for capital expenditures, stock buybacks and acquisitions. Bberg says the company may issue 5-, 10-, and 30-year debt in a benchmark offering. Benchmark sales are typically at least $500 million.

At last check, MSFT was down 25 cents, or 0.89%, to $27.69.

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About Ron Haruni 1069 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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