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Apple to borrow more money, debt at $53 billion

Staff writer ▼ | February 16, 2016
Apple filed with the Securities and Exchange Commission (SEC) plans to sell a series of bonds maturing as soon as 2018 and as far as 2046.
Apple
Financial game   Apple to sell a series of bonds
By borrowing Apple gets cash to pay dividends and buy back shares of stock without touching its billions stored overseas back to the U.S., which could trigger a tax event. The company is also taking advantage of a recent rally in bonds triggered by global uncertainty that results in lower interest rates.

Apple now has $53 billion in long-term debt.


 

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