$GOOGL·8-K

Alphabet Inc. · May 21, 4:25 PM ET

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Alphabet Inc. 8-K

Research Summary

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Updated

Alphabet Inc. Announces ¥576.9B Japanese Yen Senior Notes Offering

What Happened
Alphabet Inc. announced it closed underwritten public offerings of ¥576.9 billion aggregate principal amount of Japanese yen‑denominated senior notes on May 21, 2026. The notes were issued under an existing Indenture dated February 12, 2016, with The Bank of New York Mellon Trust Company, N.A. serving as trustee.

Key Details

  • Total issued: ¥576,900,000,000 aggregate principal amount.
  • Tranches and terms:
    • ¥135,500,000,000 of 1.965% notes due 2029
    • ¥200,500,000,000 of 2.412% notes due 2031
    • ¥123,200,000,000 of 2.822% notes due 2033
    • ¥64,900,000,000 of 3.189% notes due 2036
    • ¥19,100,000,000 of 3.713% notes due 2041
    • ¥9,300,000,000 of 4.395% notes due 2056
    • ¥24,000,000,000 of 4.599% notes due 2066
  • Issuance completed pursuant to Alphabet’s Form S‑3 registration statement; forms of the notes and the Indenture are filed as exhibits to the 8‑K.

Why It Matters
This transaction increases Alphabet’s outstanding long‑term debt by ¥576.9 billion and adds fixed interest obligations across maturities from 2029 through 2066. Investors should note the currency (Japanese yen) and the range of coupon rates and maturities when assessing Alphabet’s interest expense, debt maturity profile, and potential foreign‑exchange exposure—especially if Alphabet holds or converts proceeds in other currencies.

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