Apple on Thursday filed a preliminary filing with the SEC for a four-part debt issue with bonds with maturities of 7, 10, 30 and 40 years. The company has not specified the size or timing of the offering.
(ticker: AAPL) has approximately $113.8 billion in long-term debt outstanding, including current maturities. The total reflects Raised $14 Billion in February Offer.
BofA Securities and
manage the offer, according to the submission.
Apple said in the filing Thursday that it plans to use the proceeds from the offering “for general corporate purposes,” including stock repurchases and payment of dividends, working capital financing, capital expenditures, acquisitions and debt repayment.
Apple posted better-than-expected quarterly results for June this week, mainly driven by strong growth in both iPhone and services demand. Apple has done everything it can to reduce its net cash position, with the overall goal of becoming cash neutral. Apple closed the last quarter with $72 billion in net cash after returning nearly $29 billion to holders in the last quarter in the form of dividends and share buybacks.
Apple did not immediately respond to a request for comment on the submission.
Apple shares are up 0.7% to $145.90 on Thursday.
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