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Microsoft Restricted Notes — Activision Blizzard exchange settlements (2023)

A record of disclosed terms and participants. Each assertion is linked to its supporting evidence.

Sourced disclosureLatest disclosure · 6 May 2024

Financial terms

Amount not disclosed

Amounts describe different obligations and are not additive. A commitment is not cash drawn; a commercial contract is not a guarantee. Unstated terms remain unknown.

01

The parties

  • IssuerMicrosoft

Legal entities and vehicles are shown separately. A role does not establish the amount funded or the scope of recourse.

02

What supports the financing?

Purpose, assets, contracts and credit support are different things. Only explicitly recorded terms appear here.

Assets & purpose

Not separately recorded — check the source evidence

Collateral & secured status

Not separately recorded — check the source evidence

Repayment & offtake

Not separately recorded — check the source evidence

Recourse & guarantees

Not separately recorded — check the source evidence

03

Terms, with the evidence

Separate observations, not an additive total. Disclosure dates, observation dates and effective periods retain their original meaning.

Economic status

contract.economic_status

restricted_notes_additional_interest_cap_disclosed

Restricted Notes; cap on additional interest; per annum basis; conditional feature; not a completed payment or draw | exact conditional cap: additional interest may not exceed 1.00% per annum; not an accrued payment or debt draw | Normalization: Source-confirmed Exception 4 recovery. Every amount, date, role qualifier, predicate, and original fact field was checked against the complete retained source passage; quote repair changes no semantic field. Preserve proposed, conditional, exchange, zero-observation, and no-new-debt status; no completed issuance, financing draw, lender, beneficiary, or effective date is inferred. | Source fact date unknown

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
the rate at which such additional interest accrues may in no event exceed 1.00% per annum.

paragraph:91

Economic status

contract.economic_status

restricted_notes_issued_early_settlement

Restricted Notes; completed early settlement of private exchange offers to all eligible holders for any and all outstanding notes issued by Activision Blizzard; date is early settlement date; amount not stated | Normalization: The source explicitly states that Restricted Notes were issued in the dated early or final settlement. Keep this completed Restricted Notes issuance on its own record; do not transfer the completed status to the prospective Registered Notes offering. | Source fact date (role not promoted to effective date): 2023-11-06

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
issued Restricted Notes

table:14/cell:2

Economic status

contract.economic_status

restricted_notes_issued_final_settlement

additional Restricted Notes; completed final settlement of the Activision Blizzard Exchange Offer; holder counterparties are collective and unnamed; no amount stated; date is completion date | Normalization: The source explicitly states that Restricted Notes were issued in the dated early or final settlement. Keep this completed Restricted Notes issuance on its own record; do not transfer the completed status to the prospective Registered Notes offering. | Source fact date (role not promoted to effective date): 2023-11-16

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
On November 16, 2023, we completed final settlement of the Activision Blizzard Exchange Offer and issued additional Restricted Notes.

table:14/cell:1

Economic status

contract.economic_status

restricted_notes_issued_early_settlement

Restricted Notes; completed early settlement of private exchange offer; holder counterparties are collective and unnamed; no amount stated; date is completion date | Normalization: The source explicitly states that Restricted Notes were issued in the dated early or final settlement. Keep this completed Restricted Notes issuance on its own record; do not transfer the completed status to the prospective Registered Notes offering. | Source fact date (role not promoted to effective date): 2023-11-06

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
On November 6, 2023, we (i) completed early settlement of our private exchange offers to all eligible holders for any and all outstanding notes issued by Activision Blizzard (the “ Activision Blizzard Exchange Offer ”) and issued Restricted Notes

table:14/cell:1

Economic status

contract.economic_status

restricted_notes_tender_denomination_term_disclosed

Restricted Notes; exchange offer tender denomination; may only be tendered in denominations of $2,000 and integral multiples of $1,000 in excess of $2,000; not cash paid | exact Restricted Notes tender term: $2000 minimum denomination plus $1,000 increments above that minimum; not cash paid or a new debt draw | Normalization: Source-confirmed Exception 4 recovery. Every amount, date, role qualifier, predicate, and original fact field was checked against the complete retained source passage; quote repair changes no semantic field. Preserve proposed, conditional, exchange, zero-observation, and no-new-debt status; no completed issuance, financing draw, lender, beneficiary, or effective date is inferred. | Source fact date unknown

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
The Restricted Notes may only be tendered in denominations of $2,000 and integral multiples of $1,000 in excess of $2,000.

paragraph:98

Economic status

contract.economic_status

restricted_notes_issued_final_settlement

additional Restricted Notes; completed final settlement of the Activision Blizzard Exchange Offer; date is final settlement date; amount not stated | Normalization: The source explicitly states that Restricted Notes were issued in the dated early or final settlement. Keep this completed Restricted Notes issuance on its own record; do not transfer the completed status to the prospective Registered Notes offering. | Source fact date (role not promoted to effective date): 2023-11-16

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
issued additional Restricted Notes

table:14/cell:2

Economic status

contract.economic_status

restricted_notes_interest_step_up_term_disclosed

Restricted Notes; conditional upon a registration default; applies initially for the first 90-day period immediately following the occurrence of such registration default; additional interest; per annum basis; not a completed payment or draw | exact conditional term: additional interest increases by 0.25% per annum initially for the first 90-day period following a registration default; not an accrued payment or debt draw | Normalization: Source-confirmed Exception 4 recovery. Every amount, date, role qualifier, predicate, and original fact field was checked against the complete retained source passage; quote repair changes no semantic field. Preserve proposed, conditional, exchange, zero-observation, and no-new-debt status; no completed issuance, financing draw, lender, beneficiary, or effective date is inferred. | Source fact date unknown

Disclosed
6 May 2024
Observed as of
Not disclosed
Effective from
Not disclosed
Effective to
Not disclosed
SupportsMicrosoft CorporationNot disclosed
the annual interest rate on the Restricted Notes will increase initially by 0.25% per annum for the first 90-day period immediately following the occurrence of such registration default.

paragraph:91

A permanent address. A dated record.

Cite the disclosure.

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Edition
Reviewed release · sec-nvidia-msft-reviewed-20260908
Generated
2026-09-09T08:42:57.056Z
Dataset SHA-256
d4a82ffcabca4fa3b043890406ac837cc2024f9596a61de6d4e6cf14613191bb