Local company news roundup

February 22, 2014 at 1:36AM

DEBT AND EQUITIES

Medtronic Inc., Fridley, registered an offering of $250 million of its 0.875 percent senior notes due 2017, $250 million of its floating rate senior notes due 2017, $850 million of its 3.625 percent senior notes due 2024, and $650 million of its 4.625 percent senior notes due 2044. The closing of the offering is expected to occur Thursday, subject to closing conditions. Medtronic intends to use the proceeds for working capital and general corporate ­purposes, which may include repayment of debt.

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