Intel's 2.95% Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intel announced that the upside trigger on its 2.95 percent junior
subordinated convertible debentures, which were issued in 2005 and due
2035 (CUSIP No. 458140AD2) (the "Notes"), has been met for the six-month
interest payment period from Dec. 15, 2014 to June 15, 2015. As a
result, contingent interest will be paid on the Notes for that six-month
interest payment period. Contingent interest of approximately $4 million
in the aggregate on the $1.6 billion outstanding principal amount of the
Notes, or approximately $2.50 per $1,000 principal amount of the Notes,
will be paid on June 15, 2015, to the holders of record as of June 1,
2015.
About Intel
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. As a leader in corporate
responsibility and sustainability, Intel also manufactures the world's
first commercially available "conflict-free" microprocessors. Additional
information about Intel is available at newsroom.intel.com and blogs.intel.com
and about Intel's conflict-free efforts at conflictfree.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.
Intel Corporation
Trey Campbell, 503-696-0431
Investor
Relations
trey.s.campbell@intel.com
Cara
Walker, 503-696-0831
Media Relations
cara.walker@intel.com
Source: Intel Corporation
News Provided by Acquire Media
Released Dec 16, 2014 • 12:00 AM EST
