Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co. and Deutsche Bank Securities Inc., in connection with the registered public offering by Apple Inc. of $17 billion aggregate principal amount of notes over six tranches with maturities ranging from three to 30 years. The offering, Apple’s first since 1996, represents the largest corporate offering in history. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple’s recently expanded program to return capital to shareholders.
Apple, headquartered in California, designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
The Simpson Thacher team for the offering included Kevin Kennedy, Dan Webb, Ryan Coombs, Kelli Schultz and Brian Osimiri (Capital Markets); Katharine Moir and Daniel Foster (Tax); Kerry Konrad and Michael Hasper (Intellectual Property) and Andrew Pagliughi (Blue Sky).
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