Intel Announces Pricing of Senior Notes Offering
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intel Corporation today announced the pricing of four series of senior
unsecured notes for an aggregate principal amount of $6.0 billion
pursuant to an effective shelf registration statement previously filed
with the Securities and Exchange Commission.
Of these notes, $3.0 billion will mature on Dec. 15, 2017 and will bear
interest at an annual rate of 1.35%, $1.5 billion will mature on Dec.
15, 2022 and will bear interest at an annual rate of 2.70%, $750 million
will mature on Dec. 15, 2032 and will bear interest at an annual rate of
4.0%, and $750 million will mature on Dec. 15, 2042 and will bear
interest at an annual rate of 4.25%. The notes were offered to the
public at a price of 99.894% of par in the case of the 2017 notes,
99.573% of par in the case of the 2022 notes, 99.115% of par in the case
of the 2032 notes and 99.747% of par in the case of the 2042 notes. The
offering is expected to close on Dec. 11, 2012, subject to customary
Intel intends to use the net proceeds from the offering for general
corporate purposes and to repurchase shares of its common stock under
the company's existing share repurchase authorization.
J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated are acting as joint book-running managers for the offering.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering of securities may be made only by means of a
prospectus supplement and accompanying prospectus. Copies of the
prospectus supplement and the accompanying prospectus can be obtained
J.P. Morgan Securities LLC
383 Madison Avenue, 3rd Floor
New York, New York 10179
Attention: High Grade Syndicate Desk
Call collect: 1-212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated
222 Broadway, 11th Floor
New York, New York 10038
Attention: Prospectus Department
This news release contains certain forward-looking statements that are
subject to known and unknown risks and uncertainties that could cause
actual results to differ materially from those expressed or implied by
such statements. Such risks and uncertainties include, but are not
limited to, the anticipated use of the proceeds of the offering. Intel
does not undertake any obligation to update any forward-looking
statements to reflect events or circumstances occurring after the date
of this news release.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The
company designs and builds the essential technologies that serve as the
foundation for the world's computing devices. Additional information
about Intel is available at newsroom.intel.com
Intel and the Intel logo are trademarks of Intel Corporation in the
United States and other countries.
* Other names and brands may be claimed as the property of others.
Chuck Mulloy, 408-765-3484
Source: Intel Corporation
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