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Published on 2/2/2015 in the Prospect News Investment Grade Daily.

Apple planning five-tranche offering of senior notes

By Aleesia Forni

Virginia Beach, Feb. 2 – Apple Inc. is planning a five-part offering of senior notes, according to a 424B2 filed with the Securities and Exchange Commission.

The deal is expected to include fixed- and floating-rate notes due 2020, as well as fixed-rate notes due 2022, 2025 and 2045.

Goldman Sachs & Co. and Deutsche Bank Securities Inc. are the joint bookrunners.

Proceeds will be used for general corporate purposes.

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


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