AAPL · $7.5B multi-tranche debt issue

Apple completed a multi-tranche debt offering on November 9, 2026, issuing $7.5 billion aggregate principal amount across seven series of senior unsecured notes with maturities from 2028 to 2036. The proceeds will be used for general corporate purposes. This is a routine capital markets transaction for a company with a $5 trillion market cap and has no material impact on equity valuation.

• Apple issued $500M Floating Rate Notes due 2028, $750M Floating Rate Notes due 2029, $1B 4.650% Notes due 2028, $1B 4.750% Notes due 2029, $1B 4.900% Notes due 2031, $1.25B 5.100% Notes due 2033, and $2B 5.350% Notes due 2036.
• Total aggregate principal amount of the offering is $7.5 billion.
• The notes are senior unsecured obligations ranking equally with Apple's other unsecured and unsubordinated debt.
• The offering was underwritten by Goldman Sachs, BofA Securities, Deutsche Bank Securities, J.P. Morgan Securities, and other firms.