Alphabet in $5 Billion and Inaugural €6.75 Billion Offering

Cleary Gottlieb is representing Alphabet Inc. (Alphabet), the parent company of Google LLC (Google) and one of the world’s most valuable public companies, in SEC-registered offerings of $5 billion aggregate principal amount of U.S. dollar-denominated senior notes and €6.75 billion aggregate principal amount of euro-denominated senior notes.

The USD offering is comprised of $750 million in 4% senior notes due 2030, $1.25 billion in 4.5% senior notes due 2035, $1.5 billion in 5.25% senior notes due 2055, and $1.5 billion in 5.3% senior notes due 2065.

Goldman Sachs & Co. LLC, HSBC Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities LLC are acting as representatives of the underwriters for the offering. The offering is scheduled to close on May 1, 2025, subject to customary closing conditions.

The euro offering is comprised of €1.5 billion in 2.5% senior notes due 2029, €1.5 billion in 3% senior notes due 2033, €1.25 billion in 3.337% senior notes due 2037, €1.25 in 3.875% senior notes due 2045, and €1.25 billion in 4% senior notes due 2054.

Goldman Sachs & Co. LLC, HSBC Bank plc, J.P. Morgan Securities plc, Barclays Bank PLC, and Deutsche Bank AG, London Branch are acting as representatives of the underwriters for the offering. The offering is scheduled to close on May 6, 2025, subject to customary closing conditions.

The net proceeds from the offering will be used for general corporate purposes, which may include the repayment of outstanding debt.

Alphabet is based in Mountain View, California. The transaction was Alphabet’s fourth capital-raising capital markets transaction since the holding company reorganization that was implemented on October 2, 2015, in which Cleary also served as counsel.