Announced pricing today of an offering of $3 billion
aggregate principal of senior notes.
The notes will be issued in four separate tranches. The first will be $600 million with a
3-year maturity due on August 1, 2015, with a 1% coupon. The second will be $400 million with a
5-year maturity due on August 1, 2018, with a 2% coupon. The third will be $1.1 billion with a
10-year maturity date on August 1, 2023, with a 3.5% coupon payment. Finally, the fourth is $900 million
with a 30-year maturity, due on August 1, 2043 and will have a 4.75%. This offer is expected to close on
August 5, 2013. This financing
will be used to repurchase $3.3 billion of common stock, with a price between
$42.50 and $47.50.
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