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IBM Corp | 424B3: Prospectus

SEC announcement ·  Jan 29 08:53
Summary by Moomoo AI
IBM International Capital Pte. Ltd., a finance subsidiary of International Business Machines Corporation (IBM), has filed a prospectus with the SEC for the issuance of debt securities fully and unconditionally guaranteed by IBM. The securities will be offered in various series with specific terms detailed in future prospectus supplements. The debt securities will be unsecured obligations of IBM International Capital Pte. Ltd. and will rank equally with other unsecured and unsubordinated indebtedness. IBM will fully and unconditionally guarantee the debt securities, with the guarantee ranking equally with IBM's other unsecured and unsubordinated indebtedness. The proceeds from the sale of the debt securities will be used for general corporate purposes, which may include debt repayment or other extensions of credit to IBM or its subsidiaries and affiliates. The offering will allow IBM International Capital Pte. Ltd. to raise capital as needed for ongoing corporate expenses and investment activities.
IBM International Capital Pte. Ltd., a finance subsidiary of International Business Machines Corporation (IBM), has filed a prospectus with the SEC for the issuance of debt securities fully and unconditionally guaranteed by IBM. The securities will be offered in various series with specific terms detailed in future prospectus supplements. The debt securities will be unsecured obligations of IBM International Capital Pte. Ltd. and will rank equally with other unsecured and unsubordinated indebtedness. IBM will fully and unconditionally guarantee the debt securities, with the guarantee ranking equally with IBM's other unsecured and unsubordinated indebtedness. The proceeds from the sale of the debt securities will be used for general corporate purposes, which may include debt repayment or other extensions of credit to IBM or its subsidiaries and affiliates. The offering will allow IBM International Capital Pte. Ltd. to raise capital as needed for ongoing corporate expenses and investment activities.
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