$AAPL · Apple Inc.
Apple consummated the issuance and sale of $7.5B aggregate principal of senior unsecured notes on November 9, 2026, under an underwriting agreement dated November 5, 2026 with Goldman Sachs, BofA Securities, Deutsche Bank, and J.P. Morgan. The offering spans seven tranches: $500M floating-rate notes due 2028, $750M floating-rate notes due 2029, and fixed-rate notes of $1.0B (4.650% due 2028), $1.0B (4.750% due 2029), $1.0B (4.900% due 2031), $1.25B (5.100% due 2033), and $2.0B (5.350% due 2036). The notes rank equally with Apple's other unsecured and unsubordinated debt.
- Total issuance is $7.5B across seven tranches maturing 2028 through 2036.
- Largest single tranche is $2.0B of 5.350% notes due 2036.
- Fixed-rate coupons range from 4.650% to 5.350%.
- Floating-rate tranches total $1.25B ($500M due 2028, $750M due 2029).
- Underwriters: Goldman Sachs, BofA Securities, Deutsche Bank, and J.P. Morgan.
Extended-hours last trade $350.99, up 0.09% vs regular close and 0.15% vs filing-time price — a muted reaction consistent with a routine debt offering.
A $7.5B debt raise signals Apple's continued reliance on low-cost borrowing to fund its shareholder-return program.
Large-cap tech issuers routinely tap investment-grade debt markets to fund capital returns; Apple's coupons reflect prevailing rates.
Adds $7.5B to Apple's senior unsecured debt load, increasing interest expense and leverage.