UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
May 4, 2017
Date of Report (date of earliest event reported)
Apple Inc.
(Exact name of Registrant as specified in its charter)
| California | 001-36743 | 94-2404110 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1 Infinite Loop
Cupertino, California 95014
(Address of principal executive offices) (Zip Code)
(408) 996-1010
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
On May 11, 2017, Apple Inc. (“Apple”) consummated the issuance and sale of $500,000,000 aggregate principal amount of Apple’s Floating Rate Notes due 2020 (the “2020 Floating Rate Notes”), $750,000,000 aggregate principal amount of Apple’s Floating Rate Notes due 2022 (the “2022 Floating Rate Notes” and, together with the 2020 Floating Rate Notes, the “Floating Rate Notes”), $1,000,000,000 aggregate principal amount of Apple’s 1.800% Notes due 2020 (the “2020 Fixed Rate Notes”), $1,000,000,000 aggregate principal amount of Apple’s 2.300% Notes due 2022 (the “2022 Fixed Rate Notes”), $1,750,000,000 aggregate principal amount of Apple’s 2.850% Notes due 2024 (the “2024 Fixed Rate Notes”) and $2,000,000,000 aggregate principal amount of Apple’s 3.200% Notes due 2027 (the “2027 Fixed Rate Notes” and, together with the 2020 Fixed Rate Notes, the 2022 Fixed Rate Notes and the 2024 Fixed Rate Notes, the “Fixed Rate Notes”), pursuant to an underwriting agreement (the “Underwriting Agreement”) dated May 4, 2017 between Apple and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. The Fixed Rate Notes and the Floating Rate Notes are referred to herein as the “Notes”.
The Notes are being issued pursuant to an indenture, dated as of April 29, 2013 (the “Indenture”), between Apple and The Bank of New York Mellon Trust Company, N.A., as trustee, together with the officer’s certificate, dated May 11, 2017 (the “Officer’s Certificate”), issued pursuant to the Indenture establishing the terms of each series of Notes.
The Notes are being issued pursuant to Apple’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission on April 28, 2016 (Reg. No. 333-210983) (the “Registration Statement”).
Interest on the Floating Rate Notes will be paid quarterly in arrears on February 11, May 11, August 11 and November 11, of each year, beginning on August 11, 2017. Interest on the Fixed Rate Notes will be paid semi-annually in arrears on May 11 and November 11 of each year, beginning on November 11, 2017.
The 2020 Floating Rate Notes will mature on May 11, 2020. The 2022 Floating Rate Notes will mature on May 11, 2022. The 2020 Fixed Rate Notes will mature on May 11, 2020. The 2022 Fixed Rate Notes will mature on May 11, 2022. The 2024 Fixed Rate Notes will mature on May 11, 2024. The 2027 Fixed Rate Notes will mature on May 11, 2027.
The Notes will be Apple’s senior unsecured obligations and will rank equally with Apple’s other unsecured and unsubordinated debt from time to time outstanding.
The foregoing description of the Notes and related agreements is qualified in its entirety by the terms of the Underwriting Agreement, the Indenture and the Officer’s Certificate (including the forms of the Notes). Apple is furnishing the Underwriting Agreement and the Officer’s Certificate (including the forms of the Notes) attached hereto as Exhibits 1.1 and 4.1 through 4.7, respectively, and they are incorporated herein by reference. The Indenture is filed as Exhibit 4.1 to Apple’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission on April 29, 2013 (Reg. No. 333-188191). The computation of Apple’s ratio of earnings to fixed charges is filed as Exhibit 12.1 hereto, and is incorporated by reference into the Registration Statement. An opinion regarding the legality of the Notes is filed as Exhibit 5.1, and is incorporated by reference into the Registration Statement; and a consent relating to the incorporation of such opinion is incorporated by reference into the Registration Statement and is filed as Exhibit 23.1 by reference to its inclusion within Exhibit 5.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit Number |
Exhibit Description | |
| 1.1 | Underwriting Agreement, dated May 4, 2017, between Apple Inc. and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein | |
| 4.1 | Officer’s Certificate of Apple Inc., dated May 11, 2017 | |
| 4.2 | Form of Global Note representing the 2020 Floating Rate Notes (included in Exhibit 4.1) | |
| 4.3 | Form of Global Note representing the 2022 Floating Rate Notes (included in Exhibit 4.1) | |
| 4.4 | Form of Global Note representing the 2020 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.5 | Form of Global Note representing the 2022 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.6 | Form of Global Note representing the 2024 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.7 | Form of Global Note representing the 2027 Fixed Rate Notes (included in Exhibit 4.1) | |
| 5.1 | Opinion of Hogan Lovells US LLP | |
| 12.1 | Computation of Ratio of Earnings to Fixed Charges | |
| 23.1 | Consent of Hogan Lovells US LLP (included in the opinion filed as Exhibit 5.1) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 11, 2017 | Apple Inc. | |||||
| By: | /s/ Luca Maestri | |||||
| Luca Maestri Senior Vice President, Chief Financial Officer | ||||||
EXHIBIT INDEX
| Exhibit Number |
Exhibit Description | |
| 1.1 | Underwriting Agreement, dated May 4, 2017, between Apple Inc. and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein | |
| 4.1 | Officer’s Certificate of Apple Inc., dated May 11, 2017 | |
| 4.2 | Form of Global Note representing the 2020 Floating Rate Notes (included in Exhibit 4.1) | |
| 4.3 | Form of Global Note representing the 2022 Floating Rate Notes (included in Exhibit 4.1) | |
| 4.4 | Form of Global Note representing the 2020 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.5 | Form of Global Note representing the 2022 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.6 | Form of Global Note representing the 2024 Fixed Rate Notes (included in Exhibit 4.1) | |
| 4.7 | Form of Global Note representing the 2027 Fixed Rate Notes (included in Exhibit 4.1) | |
| 5.1 | Opinion of Hogan Lovells US LLP | |
| 12.1 | Computation of Ratio of Earnings to Fixed Charges | |
| 23.1 | Consent of Hogan Lovells US LLP (included in the opinion filed as Exhibit 5.1) | |