Alphabet Inc. $10 Billion Notes Offering

Davis Polk advised the joint book-running managers on an SEC-registered debt offering by Alphabet Inc., consisting of $1 billion of 0.450% notes due 2025, $1 billion of 0.800% notes due 2027, $2.25 billion of 1.100% notes due 2030, $1.25 billion of 1.900% notes due 2040, $2.5 billion of 2.050% notes due 2050 and $2 billion of 2.250% notes due 2060.

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 each have over one billion monthly active users. Alphabet’s non-Google businesses include businesses that 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 partner Alan F. Denenberg, counsel Jason Bassetti and associate Paula Gergen. Partner Michael Farber and associate Talya Presser provided tax advice. Partner Frank J. Azzopardi and associate Yifu Chen provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.