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Intel | 424B5: Prospectus

SEC announcement ·  Feb 16 16:53
Summary by Moomoo AI
Intel Corporation has announced the issuance of $2.55 billion in senior notes, divided into three tranches: $500 million at 5.000% due 2031, $900 million at 5.150% due 2034, and $1.15 billion at 5.600% due 2054. The notes are unsecured and rank equally with Intel's other senior unsecured debt. The offering was managed by a consortium of financial institutions, with BofA Securities, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities acting as Joint Book-Running Managers. The proceeds from the sale are intended for general corporate purposes, which may include refinancing existing debt, funding working capital, and capital expenditures. The sale was completed on February 15, 2024.
Intel Corporation has announced the issuance of $2.55 billion in senior notes, divided into three tranches: $500 million at 5.000% due 2031, $900 million at 5.150% due 2034, and $1.15 billion at 5.600% due 2054. The notes are unsecured and rank equally with Intel's other senior unsecured debt. The offering was managed by a consortium of financial institutions, with BofA Securities, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities acting as Joint Book-Running Managers. The proceeds from the sale are intended for general corporate purposes, which may include refinancing existing debt, funding working capital, and capital expenditures. The sale was completed on February 15, 2024.
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