Summary
Apple Inc. (AAPL) has filed an 8-K report detailing the consummation of a significant debt offering. On May 12, 2025, the company successfully issued and sold a total of $4.5 billion in senior unsecured notes across four tranches with varying maturity dates and coupon rates. This issuance includes $1.5 billion in 4.000% Notes due 2028, $1 billion in 4.200% Notes due 2030, $1 billion in 4.500% Notes due 2032, and $1 billion in 4.750% Notes due 2035. The purpose of this filing is to inform investors about the completion of this financing activity. The notes are general senior unsecured obligations of Apple, ranking equally with its other unsecured and unsubordinated debt. The offering was conducted under Apple's existing Registration Statement on Form S-3, filed previously, and was facilitated through an underwriting agreement with a syndicate of prominent financial institutions, including Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC.
Key Highlights
- 1Apple Inc. completed a $4.5 billion debt offering on May 12, 2025.
- 2The offering consists of four series of senior unsecured notes with maturities in 2028, 2030, 2032, and 2035.
- 3Coupon rates range from 4.000% for the 2028 notes to 4.750% for the 2035 notes.
- 4The notes will accrue interest paid semi-annually in arrears, with the first payment due on November 12, 2025.
- 5The issuance was conducted under Apple's existing Form S-3 registration statement.
- 6The debt ranks as senior unsecured obligations, equal to other existing unsecured and unsubordinated debt.
- 7Key underwriters included Goldman Sachs, Barclays, BofA Securities, and J.P. Morgan.