Apple confirms $7.5 billion bond sale following strong investor demand
Following yesterday’s report that Apple was preparing to raise approximately $7 billion through a bond offering, the company has now finalized terms with the SEC, confirming a slightly larger amount. Here are the details. more…
Apple's bond sale has been officially confirmed at $7.5 billion, according to SEC filings. This amount is slightly higher than initially anticipated. Previously, reports had suggested the company planned to raise approximately $7 billion through this bond offering, which involves the sale of debt. The finalized pricing term sheet now reveals that Apple intends to issue seven series of bonds, maturing between 2028 and 2036.
These bonds, whether floating-rate or fixed-rate, will be tied to the Secured Overnight Financing Rate (SOFR), with rates adjusting quarterly for the former. While the SEC filing is for $7.5 billion, Apple anticipates raising around $7.47 billion, accounting for various costs and discounts. The company plans to use these proceeds for general corporate purposes, including repurchasing common stock, paying dividends, funding working capital, capital expenditures, acquisitions, and repaying debt. The allocation of funds among these areas remains undisclosed.
Written by urgent.news from AppleInsider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Apple's bond sale is now confirmed at $7.5 billion appleinsider.com
