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Microsoft Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations

Newswire.ca - Fri Oct 27, 2023

REDMOND, Wash., Oct. 27, 2023 /CNW/ -- Microsoft Corporation (Nasdaq: MSFT) ("Microsoft") today announced that, in connection with the previously announced offers to Eligible Holders (as defined herein) to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Activision Blizzard, Inc., a wholly-owned subsidiary of Microsoft ("Activision Blizzard") as set forth in the table below (the "Existing Activision Blizzard Notes") for (1) up to $3,650,000,000 aggregate principal amount of new notes issued by Microsoft (the "New Microsoft Notes") and (2) cash, and solicitations of consents by Activision Blizzard from Eligible Holders (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt certain proposed amendments to each of the corresponding indentures governing the Existing Activision Blizzard Notes (with respect to the corresponding indenture for such Existing Activision Blizzard Notes, the "Proposed Amendments"), as of 5:00 p.m., New York City time, on October 27, 2023 (the "Early Tender Date"), the following principal amounts of each series of Existing Activision Blizzard Notes have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly revoked):

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