Simpson Thacher Advises on Apple’s $10 Billion Bond Offering
02.09.17
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Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, in connection with the registered public offering by Apple Inc. (NASDAQ: AAPL) of $10 billion aggregate principal amount of notes over nine tranches with maturities ranging from 2 to 30 years. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple’s program to return capital to shareholders, funding for working capital, capital expenditures and acquisitions and repayment of debt.
The Simpson Thacher team for the offering included Kevin Kennedy, Dan Webb, Kelli Schultz, Colin Lloyd and Jeremy Bethel (Capital Markets); Jason Vollbracht and Tanvi Mirani (Tax); and Jennie Getsin (Blue Sky).