Meta plans to offer dollar-denominated senior notes in five tranches

By Mary-Katherine Stinson

Lexington, Ky., May 1 – Meta Platforms, Inc. is planning a five-part offering of senior notes (A1/AA-), according to a 424B2 filing with the Securities and Exchange Commission.

The notes will each feature a make-whole call until some months before maturity, and then a par call.

BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co., LLC and Citigroup Global Markets, Inc. are the bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Davis Polk & Wardwell LLP is counsel for the issuer. Skadden, Arps, Slate, Meagher & Flom LLP is serving as counsel for the bookrunners.

Proceeds will be used for general corporate purposes, which may include capital expenditures, stock repurchases, acquisitions or investments.

Meta Platforms, formerly known as Facebook, Inc., is a multinational technology conglomerate based in Menlo Park, Calif.

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