Apple has finalized a $7.5 billion bond offering after strong investor demand exceeded $30 billion, according to an SEC filing. The tech giant expects $7.47 billion in net proceeds after expenses.
The sale comprises seven series maturing from 2028 to 2036, including floating-rate notes and fixed-rate bonds with yields ranging from 4.65% to 5.35%. The largest tranche is $2 billion in 2036 notes at 5.35%.
Apple intends to use proceeds for general corporate purposes such as stock buybacks, dividends, acquisitions, and debt repayment. The company may also redeem fixed-rate bonds early.
Source: 9to5Mac · Summarized by HeadlinesBriefing