Summary
Intel Corporation (INTC) announced on December 14, 2015, the successful issuance of $915 million in aggregate principal amount of 4.70% Senior Notes due in 2045. The offering was conducted under a subscription agreement dated December 3, 2015, with Cathay United Bank Co., Ltd., MasterLink Securities Corporation, and Yuanta Securities Co., Ltd. serving as managers. The net proceeds from this debt issuance amounted to approximately $911.2 million, after deducting the selling discount and structuring fee. These funds are expected to be used for general corporate purposes, providing Intel with additional liquidity and financial flexibility. The issuance was registered under Intel's existing Form S-3 shelf registration statement.
Key Highlights
- 1Intel issued $915 million in 4.70% Senior Notes due 2045.
- 2The offering occurred on December 14, 2015.
- 3Net proceeds from the issuance totaled approximately $911.2 million.
- 4The Notes were issued under a subscription agreement managed by Cathay United Bank, MasterLink Securities, and Yuanta Securities.
- 5The debt offering was registered under Intel's Form S-3 shelf registration statement.
- 6The proceeds are intended for general corporate purposes.
Frequently Asked Questions
This 8-K filing is to report a material event, specifically Intel Corporation's issuance of new senior notes.
Intel raised approximately $911.2 million in net proceeds from the issuance of $915 million in aggregate principal amount of 4.70% Senior Notes due 2045.
The notes carry a coupon rate of 4.70% and are due in the year 2045.
The proceeds are intended for general corporate purposes.