The investment-grade offering comprises two tranches of notes

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of $2 billion aggregate principal amount of notes by Medtronic Global Holdings S.C.A. Medtronic Global Holdings S.C.A. issued $1 billion aggregate principal amount of 4.250% senior notes due 2028 and $1 billion aggregate principal amount of 4.500% senior notes due 2033, fully and unconditionally guaranteed by Medtronic plc and Medtronic, Inc. Medtronic plc is the parent company of Medtronic Global Holdings S.C.A. and Medtronic Global Holdings S.C.A. is an indirect parent company of Medtronic, Inc.

Medtronic plc, headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries.

The Davis Polk corporate team included partner Deanna L. Kirkpatrick, counsel Jeffrey S. Ramsay and associates Livia Maas and Courtney Y. Sohn. Partner Michael Farber and associates Eitan Ulmer and Ted Lee provided tax advice. The intellectual property team included partner David R. Bauer and associates Adrian Rabin and Emma C. Himes. All members of the Davis Polk team are based in the New York office.

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