MSFT 424B2: Secondary offering

Filed with the SEC on · accession 0001193125-26-442618

MSFT filed a 424B2 (prospectus (offering)) with the SEC on Nov 2, 2026. The final terms of an offering of shares or bonds. The stock moved -2.8% by the first close after the filing.

Summary of the filing

Microsoft Corporation is offering $25 billion in aggregate principal amount of senior unsecured notes across ten tranches, including floating rate notes due 2028 and 2029 and fixed rate notes with maturities ranging from 2028 to 2066.

Key details

Total offering amount$25.0B
2028 Floating Rate Notes$1.0B
2028 Notes (4.850%)$2.0B
2029 Floating Rate Notes$1.0B
2029 Notes (5.000%)$3.3B
2031 Notes (5.200%)$3.3B
2033 Notes (5.350%)$2.5B
2036 Notes (5.550%)$4.0B
2046 Notes (6.150%)$2.0B
2056 Notes (6.250%)$4.0B
2066 Notes (6.350%)$2.0B
IssuerMicrosoft Corporation
Joint book-running managerJ.P. Morgan
Joint book-running managerUBS Investment Bank
Joint book-running managerWells Fargo Securities
Joint book-running managerBarclays
Joint book-running managerBNP PARIBAS
Joint book-running managerBofA Securities
Joint book-running managerCitigroup
Joint book-running managerGoldman Sachs & Co. LLC
Joint book-running managerHSBC
Joint book-running managerMorgan Stanley
Joint book-running managerRBC Capital Markets

How MSFT stock reacted

Close before

$521.91

Oct 30, 2026

First close after

-2.83%

$507.12

5 trading days

+1.99%

$532.32

Since filing

+1.99%

$532.32

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Frequently asked questions

What did MSFT file with the SEC on Nov 2, 2026?

MSFT filed a 424B2 (Secondary offering). Microsoft Corporation is offering $25 billion in aggregate principal amount of senior unsecured notes across ten tranches, including floating rate notes due 2028 and 2029 and fixed rate notes with maturities ranging from 2028 to 2066.

What does a secondary offering mean for MSFT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did MSFT stock react to this filing?

MSFT closed at $521.91 before the filing and $507.12 on Nov 2, 2026 (-2.83%). Five trading days later: $532.32 (+1.99%).

Other MSFT SEC filings

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