Photo: InvadingInvader / Wikimedia Commons / CC BY-SA 4.0. Apple Park, September 2022. Resized; adaptation under the same license.
CUPERTINO, Calif. – Apple is seeking about $7 billion in a U.S.-dollar bond offering, Bloomberg News reported Thursday, citing people familiar with the matter. The proposed borrowing would span seven series of debt maturing from 2028 through 2036.
The amount is not final. Bloomberg reported that the sale’s size could change with investor demand, according to Reuters’ account of the report. Reuters said it could not independently verify the report and that Apple had not immediately responded to a request for comment.
A seven-part offering, with terms still open
Apple’s preliminary prospectus supplement, dated November 5, describes two floating-rate notes due in 2028 and 2029, plus five fixed-rate notes due in 2028, 2029, 2031, 2033 and 2036. It leaves the principal amounts and interest-rate terms blank and says its information is incomplete and may change.
The distinction matters: the filing establishes the structure of the proposed offering, but it does not confirm the roughly $7 billion figure reported by Bloomberg or show a completed sale.
Goldman Sachs, BofA Securities, Deutsche Bank Securities and J.P. Morgan are the joint book-running managers listed in the document. Reuters reported that Goldman declined to comment on the offering’s size, while the other banks did not immediately respond to its requests.
Proceeds for general corporate purposes
Apple says it intends to use the net proceeds for general corporate purposes. The filing lists stock repurchases and dividends, working capital, capital expenditures, acquisitions and repayment of debt among the possible uses. It also says money not immediately needed could be held in short-term investments.
The document does not earmark the borrowing for an artificial-intelligence project. Although large technology companies have been raising debt amid an expansion in AI spending, that broader industry backdrop is not the same as a designated use of Apple’s proceeds.
The proposed notes would be senior unsecured debt, ranking equally with Apple’s other senior unsecured and unsubordinated obligations. The filing says the company had $78.1 billion of unsecured senior notes and $2 billion of unsecured short-term promissory notes outstanding as of September 26.
Apple last sold bonds in May 2025, raising $4.5 billion in a four-part transaction that attracted $10 billion in orders, Reuters reported. For the new offering, the final amount, pricing and allocation across maturities remain the details to watch.
JBizNews Desk | Cupertino, California
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