Summary by Moomoo AI
On February 21, 2024, Intel Corporation successfully issued a series of Senior Notes totaling $2.55 billion in aggregate principal amount. The offering included $500 million of 5.000% Senior Notes due 2031, $900 million of 5.150% Senior Notes due 2034, and $1.15 billion of 5.600% Senior Notes due 2054. The issuance was conducted under an underwriting agreement with a consortium of banks including BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, Morgan Stanley, and Wells Fargo Securities. The net proceeds from the sale, after underwriting discounts and before expenses, amounted to approximately $2.53 billion. The offering was registered under Intel's Form S-3 filed on February 2, 2023, and the notes were issued pursuant to an indenture dated March 29, 2006, as supplemented by subsequent indentures, the latest being the twentieth supplemental indenture dated February 21, 2024.