Simpson Thacher Advises the Underwriters on Apple’s €2.8 Billion Euro-Denominated Bond Offering
11.10.14
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Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank AG, London Branch, in connection with Apple Inc.’s first registered public offering of euro-denominated notes. Apple Inc. offered €1.4 billion aggregate principal amount of 1.000% notes due 2022 and €1.4 billion aggregate principal amount of 1.625% notes due 2026. The notes will be listed on the New York Stock Exchange. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple Inc.’s program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of short-term debt.
The Simpson Thacher team for the offering included Kevin Kennedy, Dan Webb, Kelli Schultz and Stephanie Richards (Capital Markets); Jason Vollbracht and Noah Metz (Tax); Marcela Robledo (Intellectual Property); Alexis Coll-Very (Regulatory) and Jennie Getsin (Blue Sky).