Simpson Thacher Advises on Apple’s $1 Billion Green Bond Offering – Fifth Offering of 2017
06.20.17
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Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the registered public offering by Apple Inc. (NASDAQ: AAPL) of $1 billion aggregate principal amount of notes due 2027. The offering marks Apple’s second “green bond” offering since 2016 and Apple’s fifth investment grade bond offering of 2017, making Apple the largest non-financial issuer of USD green bonds. Since 2013, Apple has raised over $100 billion across the global debt capital markets, the largest amount of any corporate issuer over this time period.
The Simpson Thacher team for the offering included Kevin Kennedy, Dan Webb, Kelli Schultz, Colin Lloyd and Jeremy Bethel (Capital Markets); Tanvi Mirani (Tax); and Jennie Getsin (Blue Sky). Summer Associate Raul Duran provided valuable assistance.