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Medtronic offering $1.25 billion in notes

MINNEAPOLIS (AP) — Medical device maker Medtronic Inc. said Tuesday it is offering $1.25 billion in senior notes and will use the proceeds for general purposes and to repay a portion of outstanding commercial paper.

The company is offering $550 million in 4.5 percent senior notes due 2014, $400 million of its 5.6 percent senior notes due 2019, and $300 million of its 6.5 percent senior notes due 2039.

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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