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Published on 7/28/2016 in the Prospect News Investment Grade Daily.

Apple in the market with five series of fixed-, floating-rate notes

By Lisa Kerner

Charlotte, N.C., July 28 – Apple Inc. is in the market with fixed- and floating-rate notes due 2019 and fixed-rate notes due 2021, 2026 and 2046, according to a form 424B2 filed with the Securities and Exchange Commission.

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

Proceeds will be used for general corporate purposes, including repurchases of common stock and payment of dividends, funding for working capital, capital expenditures, acquisitions and debt repayment.

The computer, mobile communication and media devices company is based in Cupertino, Calif.


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