Intel's 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 To Pay Contingent Interest of $4 Million

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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation announced that the upside trigger on its 2.95 percent junior subordinated convertible debentures, which were issued in 2005 and are due 2035 (CUSIP No. 458140AD2) (the "Notes"), has been met for the six-month interest payment period from Dec. 15, 2016 to June 15, 2017. 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, 2017, to the holders of record as of June 1, 2017.

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Source: Intel Corporation

Released Dec 16, 2016 • 5:00 PM EST