Intel Announces Pricing of Senior Notes Offering
SANTA CLARA, Calif. -- December 05, 2012
Intel Corporation today announced the pricing of four series of senior
unsecured notes for an aggregate principal amount of $6.0 billion pursuant to
an effective shelf registration statement previously filed with the Securities
and Exchange Commission.
Of these notes, $3.0 billion will mature on Dec.15, 2017 and will bear
interest at an annual rate of 1.35%, $1.5 billion will mature on Dec. 15, 2022
and will bear interest at an annual rate of 2.70%, $750 million will mature on
Dec. 15, 2032 and will bear interest at an annual rate of 4.0%, and $750
million will mature on Dec. 15, 2042 and will bear interest at an annual rate
of 4.25%. The notes were offered to the public at a price of 99.894% of par in
the case of the 2017 notes, 99.573% of par in the case of the 2022 notes,
99.115% of par in the case of the 2032 notes and 99.747% of par in the case of
the 2042 notes. The offering is expected to close on Dec. 11, 2012, subject to
customary closing conditions.
Intel intends to use the net proceeds from the offering for general corporate
purposes and to repurchase shares of its common stock under the company’s
existing share repurchase authorization.
J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated are acting as joint book-running managers for the offering.
This news release shall not constitute an offer to sell or a solicitation of
an offer to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering of securities
may be made only by means of a prospectus supplement and accompanying
prospectus. Copies of the prospectus supplement and the accompanying
prospectus can be obtained from:
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith
383 Madison Avenue, 3rd
Floor 222 Broadway, 11th Floor
New York, New York 10179 New York, New York 10038
Attention: High Grade Attention: Prospectus Department
1-212-834-4533 Toll-free: 1-800-294-1322
This news release contains certain forward-looking statements that are subject
to known and unknown risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such statements. Such
risks and uncertainties include, but are not limited to, the anticipated use
of the proceeds of the offering. Intel does not undertake any obligation to
update any forward-looking statements to reflect events or circumstances
occurring after the date of this news release.
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. Additional information about Intel is available
at newsroom.intel.com and blogs.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.
Chuck Mulloy, 408-765-3484
Mark Henninger, 408-653-9944
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