IFLR1000

Apple $7 billion bond issue

5/8/2016
Investment grade bond/note issue
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$ 7 billion

Completed

5/8/2016

Overview:

  • Apple has undertaken a $7 billion bond issue.
  • The notes are spread out over five tranches.
  • The money raised will be used for general corporate purposes.
  • This offering comes on the heels of Microsoft's largest ever bond issue.
  • Goldman Sachs, JPMorgan and Merrill Lynch Pierce Fenner & Smith acted as underwriters.
  • Hogan Lovells advised the issuer.
  • Simpson Thacher & Bartlett (Kevin Kennedy, Dan Webb, Kelli Schultz, Colin Lloyd) advised the group of underwriters. 

Kurt Stumpo - Journalist - North America and the Caribbean

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: JPMorgan Chase (Underwriter)

Party: Merrill Lynch Pierce Fenner & Smith (Underwriter)

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