Securities
May 24, 2011
Corporate Debt Creates Legal Work
With interest rates so low, California technology companies like Google and Juniper Networks are choosing to issue corporate debt for the first time, making legal work for California law firms.
Daily Journal Staff Writer
Google Inc. accessed the corporate bond market for the first time last week when it issued $3 billion in corporate debt at low interest rates, creating legal work for Davis Polk & Wardwell LLP in Menlo Park and Cleary Gottlieb Steen & Hamilton LLP in New York.
Not that Google needed the money: It's got $36.7 billion in cash, according to financial data service Capital IQ. But borrowing ha...
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