Fredrikson & Byron Reps Medtronic In $3B Debt Offering

By Erin Marie Daly

Law360, New York (March 17, 2010, 4:26 PM ET) -- Medtronic Inc. is planning to offer $3 billion of debt in a three-part sale, a move the medical device giant said would help generate cash for working capital and general corporate purposes, including possibly paying down its indebtedness.

The offering will be made in three tranches, comprised of $1.25 billion of its 3 percent senior notes due 2015, $1.25 billion of its 4.45 percent senior notes due 2020, and $500 million of its 5.55 percent senior notes due 2040, the company said March 11.

The notes...
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