Apple $10 billion notes issue

9/2/2017

Investment grade bond/note issue

Value:

$ 10 billion

Status:

Completed

Date:

9/2/2017

Overview:

Apple has completed a $10 billion debt offering.
The offering comes mere days after a $17 billion notes issue by rival Microsoft.
The nine tranche issue has maturities ranging from 2 to 30 years.
Proceeds will be used for general corporate purposes.
The underwriters were led by Goldman Sachs, Deutsche Bank Securities, and JP Morgan Securities.
Apple legal representation couldn't comment on partners involved.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:

Hogan Lovells

Party: Apple (Issuer)

Simpson Thacher & Bartlett

Party: Goldman Sachs (Underwriter)

Party: Deutsche Bank Securities (Underwriter)

Party: JP Morgan Securities (Underwriter)

Lawyers: Daniel Webb, Kevin Kennedy

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