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Subsequent Event
12 Months Ended
Apr. 25, 2014
Subsequent Event

18. Subsequent Event

On June 5, 2014 we issued $500.0 million aggregate par value of 3.375% senior notes, with a maturity date of June 15, 2021 and received proceeds of approximately $494.7 million, net of discount and issuance costs, which will be used for general corporate purposes, including possible stock repurchases, dividends, capital expenditures, working capital and potential acquisitions and strategic transactions. The 3.375% senior notes are unsecured, unsubordinated obligations, which pay interest semi-annually on June 15 and December 15 and rank equally in right of payment with our Senior Notes. We may redeem the 3.375% Senior Notes in whole or in part, at any time at our option at specified redemption prices. In addition, upon the occurrence of certain change of control triggering events, we may be required to repurchase the 3.375% Senior Notes at 101% of their aggregate principal amount, plus accrued and unpaid interest to the date of repurchase.