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FILE PHOTO: the logo of the company Apple is visible in front of an Apple Store in Paris, France, on April 10, 2019. REUTERS / Christian Hartmann
(Reuters) – Apple Inc. plans to raise $ 7 billion through a bond sale set later Wednesday, said IFR, the first issue of its kind since November 2017.
The regulatory filings of the beginning of the day showed that the company would offer notes maturing in the next 30 to 30 years and would use the proceeds from the sale for the repurchase of shares, the payment of dividends, the capital expenditures, acquisitions and repayment of debts.
Bank of America, Merrill Lynch, Deutsche Bank and Goldman Sachs act as bookrunner for the unsecured senior transaction.
Apple declined to comment.
Reportage of Ayanti Bera in Bengaluru; edited by Patrick Graham
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