Meta Platforms $8.5 billion senior notes offering
We advised Meta on the investment-grade debt offering
Davis Polk advised Meta Platforms, Inc. in connection with its SEC-registered debt offering of $1.5 billion aggregate principal amount of its 4.600% senior notes due 2028, $1 billion aggregate principal amount of its 4.800% senior notes due 2030, $1.75 billion aggregate principal amount of its 4.950% senior notes due 2033, $2.5 billion aggregate principal amount of its 5.600% senior notes due 2053 and $1.75 billion aggregate principal amount of its 5.750% senior notes due 2063. Meta intends to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, capital expenditures, repurchases of outstanding shares of its common stock, acquisitions or investments.
Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.
The Davis Polk capital markets team included partners Michael Kaplan and Derek Dostal, counsel Hillary A. Coleman and associate Jonathan I. Stempel. The tax team included partner Lucy W. Farr and associate Dan Jose. The intellectual property team included partner Pritesh P. Shah. Counsel Charles Shi provided executive compensation advice. Associate Caroline R. Zhang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.