Alphabet Inc.
The offering includes $2.5 billion in 3.700% notes due 2029, $3 billion in 4.100% notes due 2031, $3 billion in 4.400% notes due 2033, $4.25 billion in 4.800% notes due 2036, $1.5 billion in 5.500% notes due 2046, $4 billion in 5.650% notes due 2056, and $1.75 billion in 5.750% notes due 2066, per the filing.
The trade date is Feb. 9, with settlement scheduled for Feb. 13, according to the pricing term sheet.
Strong Credit Ratings Back Offering
The notes carry ratings of Aa2 (Stable) from Moody's and AA+ (Stable) from S&P, the filing showed.
Alphabet may raise additional amounts in near-term British pound and Swiss franc-denominated offerings, though these concurrent offerings are not conditions for completion of the dollar-denominated notes, the filing stated.
Michael Burry Sounds Alarm On Century Bonds
The bond sale follows investor Michael Burry's Monday warning on X about Alphabet's plans to issue 100-year bonds. "Alphabet looking to issue a 100-year bond. Last time this happened was Motorola in 1997, which was the last year Motorola was considered a big deal," Burry wrote.
Alphabet's 2026 CapEx Forecast
The bond offering comes on the back of strong CapEx. During the fourth-quarter earnings, Alphabet CEO Sundar Pichai stated that CapEx investments for 2026 are projected to range between $175 billion and $185 billion.
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Alphabet Inc. Class C Capital Stock, highlighting its strengths and weaknesses compared to the broader market:
- Quality: Strong (Score: 95.17) - The company maintains a healthy balance sheet.
- Momentum: Strong (Score: 92.46) - Stock is outperforming the broader market.
- Value: Weak (Score: 31.5) - Trading at a steep premium relative to peers.
