The investment-grade notes were issued in eight tranches

Davis Polk advised the joint global coordinators and joint book-running managers on an SEC-registered debt offering by Alphabet Inc., consisting of $500 million of floating-rate notes due 2028, $1 billion of 3.875% notes due 2028, $2.5 billion of 4.100% notes due 2030, $1.25 billion of 4.375% notes due 2032, $3.5 billion of 4.700% notes due 2035, $2 billion of 5.350% notes due 2045, $4 billion of 5.450% notes due 2055, and $2.75 of 5.700% notes due 2075.

Alphabet is a collection of businesses, the largest of which is Google. Google’s core products and platforms, such as Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Photos, Search and YouTube, have billions of users. Alphabet’s non-Google businesses are generally far afield of its main internet products, in areas such as self-driving cars, life sciences and internet access.

The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Julia Molo and Hannah R. Carter. Counsel Danielle Rapaccioli and associate Jeff Metzger provided tax advice. Partner Frank Azzopardi and associates Lachlan J. Forrester and Syma Birenbaum provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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