Microsoft 8-K

Summary

Microsoft issued a multi-tranche senior unsecured note offering, with maturities from 2028 through 2066. The notes rank equally with its other unsecured and unsubordinated debt.

Key Figures

• $25B aggregate principal: $23B of fixed-rate notes and $2B of floating-rate notes. The principal is ≈70% of Microsoft’s $35.5B total debt at 9/30/2026 (Q1 FY2027 10-Q).
• Fixed-rate tranches: $2B at 4.850% due 2028; $3.25B at 5.000% due 2029; $3.25B at 5.200% due 2031; $2.5B at 5.350% due 2033; $4B at 5.550% due 2036; $2B at 6.150% due 2046; $4B at 6.250% due 2056; and $2B at 6.350% due 2066.
• Floating-rate tranches: $1B due 2028 and $1B due 2029. Interest is payable quarterly for the floating-rate notes and semi-annually for the fixed-rate notes, beginning 2/3/2027 and 5/3/2027, respectively. Microsoft may redeem the fixed-rate notes in specified circumstances; the floating-rate notes are not redeemable at its option.