Firms cement relationship with Apple after their role on 2013 debt issue that was the largest in history
February 04, 2015 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Hogan Lovells and Simpson Thacher & Bartlett have grabbed roles as lead advisors on tech giant Apple’s $6.5bn (£.4.3bn) bond offering this week.
The offering which includes shorter term debt as well as $1.5bn (£990m) of 10-year notes and $2bn (£1.3bn) of 30-year bonds – the longest portion to mature – will be used to fund share buybacks, pay down debt and act as working capital.
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