Med-tech titan Medtronic (NYSE:MDT) priced a debt offering worth $1.07 billion, saying it plans to use the funds for "general corporate purposes, which may include repayment of its indebtedness."
The Fridley, Minn.-based device maker offered $675 million in 3.125% senior notes due 2022 and $400 million of 4.5% senior notes due 2042, according to a press release.