Apple plans five-part note offering via three bookrunners

By Mary-Katherine Stinson

Lexington, Ky., May 8 – Apple Inc. plans to offer senior notes (AA+) maturing in May 2026, 2028, 2030, 2033 and 2053, according to a 424B2 filed with the Securities and Exchange Commission.

Each of the notes will feature a make-whole call until the par call date. The par call dates are as follows: for the 2026 notes May 2024, 24 months before maturity; for the 2028 notes April 2028, one month prior to maturity; for the 2030 notes March 2030, two months prior to maturity; for the 2033 notes February 2033, three months prior to maturity; and for the 2053 notes November 2052, six months prior to maturity.

Goldman Sachs & Co. LLC, Barclays and J.P. Morgan Securities LLC are leading the sale.

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

Latham & Watkins LLP will act as counsel to Apple. Simpson Thacher & Bartlett LLP will advise the bookrunners.

The company will use the proceeds for general corporate purposes, including share repurchases, dividends, funding for working capital, capital expenditures, acquisitions and debt repayment.

Cupertino, Calif.-based Apple manufactures and markets smartphones, personal computers, tablets, wearables and accessories.

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