DiscoverGold, Interesting article! (much more than the very long Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)...) Thank you for posting. Investors3
"USE OF PROCEEDS
We estimate the net proceeds from sales of the notes will be approximately $8.42 billion, after deducting underwriting discounts and our offering expenses. We intend to use such net proceeds for general corporate purposes, including repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt.
We may temporarily invest funds that are not immediately needed for these purposes in short-term investments, including cash, cash equivalents and/or marketable securities."
General
The notes (as defined below) will constitute separate series of securities under the indenture referred to below and will be issued only in fully registered form in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes will mature on the dates set forth below. The accompanying prospectus describes additional provisions of the notes and of the indenture. There is no limit on the aggregate principal amount of notes that we may issue under the indenture. We reserve the right, from time to time and without the consent of any holders of the notes, to re-open each series of notes on terms identical in all respects to the outstanding notes of such series (except for the date of issuance, the date interest begins to accrue and, in certain circumstances, the first interest payment date), so that such additional notes will be consolidated with, form a single series with and increase the aggregate principal amount of the notes of such series; provided that the additional notes will have a separate CUSIP number unless: (i) the additional notes are issued within thirteen days of the issuance of the outstanding notes of the original series, (ii) the additional notes are issued pursuant to a “qualified reopening” of the outstanding notes of the original series for U.S. federal income tax purposes or (iii) the additional notes are, and the outstanding notes of the original series were, issued without original issue discount for U.S. federal income tax purposes. Such additional notes will have the same terms as to ranking, redemption, waivers, amendments or otherwise, as the applicable series of notes, and will vote together as one class on all matters with respect to such series of notes.
The 0.750% Notes due 2023 (the “2023 Notes”) will mature on May 11, 2023, the 1.125% Notes due 2025 (the “2025 Notes”) will mature on May 11, 2025, the 1.650% Notes due 2030 (the “2030 Notes”) will mature on May 11, 2030 and the 2.650% Notes due 2050 (the “2050 Notes” and, together with the 2023 Notes, the 2025 Notes and the 2030 Notes, the “notes”) will mature on May 11, 2050. The 2023 Notes will bear interest at 0.750% per annum, the 2025 Notes will bear interest at 1.125% per annum, the 2030 Notes will bear interest at 1.650% per annum and the 2050 Notes will bear interest at 2.650% per annum. We will pay interest on the 2023 Notes, the 2025 Notes, the 2030 Notes and the 2050 Notes semi-annually in arrears on May 11 and November 11 of each year, beginning on November 11, 2020, and on the applicable maturity date for each such series of notes, to the record holders at the close of business on the preceding April 27 or October 28 (whether or not such record date is a business day). Interest on the notes will be computed on the basis of a 360-day year consisting of twelve 30-day months."
News 
Market Data 
Discover 
