Alphabet (GOOG) issues $20B U.S. and £5.5B Sterling senior notes

Rhea-AI Filing Summary

Alphabet Inc. reported that it has closed concurrent underwritten public offerings of new senior notes, raising debt in both U.S. dollars and British pounds. The company issued $20 billion aggregate principal amount of U.S. dollar-denominated notes and £5.5 billion aggregate principal amount of Sterling-denominated notes under its existing shelf registration.

The Sterling notes are split into five tranches, with fixed coupons ranging from 4.125% notes due 2029 to 6.125% notes due 2126. The U.S. notes comprise seven tranches, from 3.700% notes due 2029 up to 5.750% notes due 2066. All notes were issued under Alphabet’s existing 2016 indenture with The Bank of New York Mellon Trust Company, N.A. as trustee.

Insights

Corporate finance and capital markets analyst

Alphabet adds large, long-dated debt in USD and GBP tranches.

Alphabet Inc. has completed sizeable fixed‑rate debt offerings totaling $20 billion in U.S. notes and £5.5 billion in Sterling notes under an existing shelf registration. The notes span maturities from 2029 out to 2126, all issued under a long‑standing indenture.

This structure locks in stated coupons such as 4.125%, 4.625%, 5.500%, and higher rates on longer‑dated Sterling notes, and 3.700% to 5.750% on the U.S. tranches. It diversifies borrowing across currencies and maturities, using underwritten public offerings.

Because the excerpt does not describe use of proceeds, covenants, or refinancing intentions, the direct impact on leverage and strategy is hard to assess from this alone. Future periodic reports and note supplements will provide more detail on balance sheet effects and how this debt fits into Alphabet’s capital structure.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

February 13, 2026

ALPHABET INC.

(Exact name of registrant as specified in its charter)

Delaware		001-37580		61-1767919
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1600 Amphitheatre Parkway

Mountain View, CA 94043

(Address of principal executive offices, including zip code)

(650) 253-0000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.001 par value		GOOGL		Nasdaq Stock Market LLC
				(Nasdaq Global Select Market)
Class C Capital Stock, $0.001 par value		GOOG		Nasdaq Stock Market LLC
				(Nasdaq Global Select Market)
2.375% Senior Notes due 2028		—		Nasdaq Stock Market LLC
2.500% Senior Notes due 2029		—		Nasdaq Stock Market LLC
2.875% Senior Notes due 2031		—		Nasdaq Stock Market LLC
3.000% Senior Notes due 2033		—		Nasdaq Stock Market LLC
3.125% Senior Notes due 2034		—		Nasdaq Stock Market LLC
3.375% Senior Notes due 2037		—		Nasdaq Stock Market LLC
3.500% Senior Notes due 2038		—		Nasdaq Stock Market LLC
4.000% Senior Notes due 2044		—		Nasdaq Stock Market LLC
3.875% Senior Notes due 2045		—		Nasdaq Stock Market LLC
4.000% Senior Notes due 2054		—		Nasdaq Stock Market LLC
4.375% Senior Notes due 2064		—		Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Alphabet Inc. Sterling and U.S. Dollar Senior Notes Offering

On February 13, 2026, Alphabet Inc. (“Alphabet”) closed its concurrent underwritten public offerings of $20 billion aggregate principal amount of U.S. dollar-denominated senior notes (the “U.S. Notes”) and £5.5 billion aggregate principal amount of Sterling-denominated senior notes (the “Sterling Notes” and, collectively with the U.S. Notes, the “Notes”) pursuant to Alphabet’s registration statement on Form S-3 (File No. 333-286752). The Notes were issued pursuant to an Indenture (the “Indenture”), dated as of February 12, 2016, between Alphabet and The Bank of New York Mellon Trust Company, N.A., as trustee.

The Sterling Notes consist of £750,000,000 aggregate principal amount of 4.125% notes due 2029, £1,250,000,000 aggregate principal amount of 4.625% notes due 2032, £1,250,000,000 aggregate principal amount of 5.500% notes due 2041, £1,250,000,000 aggregate principal amount of 5.875% notes due 2058 and £1,000,000,000 aggregate principal amount of 6.125% notes due 2126.

The U.S. Notes consist of $2,500,000,000 aggregate principal amount of 3.700% notes due 2029, $3,000,000,000 aggregate principal amount of 4.100% notes due 2031, $3,000,000,000 aggregate principal amount of 4.400% notes due 2033, $4,250,000,000 aggregate principal amount of 4.800% notes due 2036, $1,500,000,000 aggregate principal amount of 5.500% notes due 2046, $4,000,000,000 aggregate principal amount of 5.650% notes due 2056 and $1,750,000,000 aggregate principal amount of 5.750% notes due 2066.

The foregoing description of the Indenture is qualified in its entirety by the terms of such agreement, which is filed hereto as Exhibit 4.1 and incorporated herein by reference. The foregoing descriptions of the Notes is qualified in its entirety by reference to the full text of the respective forms of the Notes filed as Exhibits 4.2-4.13 hereto and each is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.		Description
4.1		Indenture, dated February 12, 2016, between Alphabet Inc. and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.3 of Alphabet Inc.’s Registration Statement on Form S-3 filed on February 12, 2016 (File No. 333-209510)
4.2		Form of Global Note representing the Registrant’s 4.125% notes due 2029
4.3		Form of Global Note representing the Registrant’s 4.625% notes due 2032
4.4		Form of Global Note representing the Registrant’s 5.500% notes due 2041
4.5		Form of Global Note representing the Registrant’s 5.875% notes due 2058
4.6		Form of Global Note representing the Registrant’s 6.125% notes due 2126
4.7		Form of Global Note representing the Registrant’s 3.700% notes due 2029
4.8		Form of Global Note representing the Registrant’s 4.100% notes due 2031
4.9		Form of Global Note representing the Registrant’s 4.400% notes due 2033
4.10		Form of Global Note representing the Registrant’s 4.800% notes due 2036
4.11		Form of Global Note representing the Registrant’s 5.500% notes due 2046
4.12		Form of Global Note representing the Registrant’s 5.650% notes due 2056
4.13		Form of Global Note representing the Registrant’s 5.750% notes due 2066
5.1		Opinion of Cleary Gottlieb Steen & Hamilton LLP with respect to the Sterling Notes
5.2		Opinion of Cleary Gottlieb Steen & Hamilton LLP with respect to the U.S Notes
23.1		Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.1)
23.2		Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.2)
104		Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						ALPHABET INC.
Date: February 13, 2026						/s/ Anat Ashkenazi
						Anat Ashkenazi
						Senior Vice President, Chief Financial Officer

FAQ

What debt offerings did Alphabet Inc. (GOOG) complete in this 8-K?

Alphabet completed concurrent public offerings of new senior notes, issuing $20 billion in U.S. dollar-denominated notes and £5.5 billion in Sterling-denominated notes. These were sold under an existing Form S-3 shelf registration and issued pursuant to a 2016 indenture.

What are the main terms of Alphabet’s new Sterling senior notes?

Alphabet issued £5.5 billion of Sterling notes across five tranches: 4.125% due 2029, 4.625% due 2032, 5.500% due 2041, 5.875% due 2058, and 6.125% due 2126. Each tranche is a fixed-rate senior note with its own stated maturity.

What are the main terms of Alphabet’s new U.S. dollar senior notes?

Alphabet issued $20 billion of U.S. notes in seven tranches: 3.700% due 2029, 4.100% due 2031, 4.400% due 2033, 4.800% due 2036, 5.500% due 2046, 5.650% due 2056, and 5.750% due 2066.

Under what legal framework were Alphabet’s new notes issued?

The notes were issued under an existing indenture dated February 12, 2016 between Alphabet Inc. and The Bank of New York Mellon Trust Company, N.A., as trustee. They were offered pursuant to Alphabet’s effective shelf registration statement on Form S-3, file number 333-286752.

Does the 8-K explain how Alphabet will use the proceeds of these notes?

The excerpt describes the completion, size, currencies, coupons, and maturities of the new senior notes but does not state how Alphabet intends to use the proceeds. Details on deployment and balance sheet impact would typically appear in related offering documents or future periodic reports.

Which exhibits in the 8-K detail Alphabet’s new senior notes?

The filing lists the 2016 indenture as Exhibit 4.1 and forms of global notes for each new tranche as Exhibits 4.2 through 4.13. Legal opinions for the Sterling and U.S. notes are filed as Exhibits 5.1 and 5.2, with related consents included.

Filing Exhibits & Attachments

18 documents

Other Documents

• EX-4.2 EX-4.2 61.9 KB
• EX-4.3 EX-4.3 61.6 KB
• EX-4.4 EX-4.4 61.7 KB
• EX-4.5 EX-4.5 61.7 KB
• EX-4.6 EX-4.6 61.5 KB
• EX-4.7 EX-4.7 42.3 KB
• EX-4.8 EX-4.8 42.2 KB
• EX-4.9 EX-4.9 42.2 KB
• EX-4.10 EX-4.10 42.7 KB
• EX-4.11 EX-4.11 42.2 KB
• EX-4.12 EX-4.12 42.4 KB
• EX-4.13 EX-4.13 42.6 KB
• EX-5.1 EX-5.1 16.9 KB
• EX-5.2 EX-5.2 17.5 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 6.3 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 17.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 29.7 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 18.6 KB