Apple intends to sell four series of notes via three bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Aug. 1 – Apple Inc. plans to sell four series of notes due 2029, 2032, 2052 and 2062 (AA+), according to a 424B2 filed with the Securities and Exchange Commission.

The 2029 notes feature a make-whole call until two months prior to maturity. The 2032 notes feature a make-whole call until three months prior to maturity, and both the 2052 and 2062 notes feature a make-whole call until six months prior to maturity. On and after those dates, all the notes are redeemable at par.

Bank of New York Mellon Trust Co., NA is the trustee.

Goldman Sachs & Co. LLC, BofA Securities Inc. and J.P. Morgan Securities LLC are the bookrunners.

Latham & Watkins LLP is legal counsel for Apple.

Simpson Thacher & Bartlett LLP is counsel to the underwriters.

Proceeds will be used for general corporate purposes, including common stock repurchases, dividend payments, working capital, capital expenditures, acquisitions and debt repayment.

The computer and mobile communications device company is based in Cupertino, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.