SANTA CLARA – Intel today announced the pricing of seven series of senior unsecured notes for an aggregate principal amount of $11 billion.
The notes consist of the following:
- $1.5 billion of 4.875% senior unsecured notes due Feb. 10, 2026
- $1.75 billion of 4.875% senior unsecured notes due Feb. 10, 2028
- $1.25 billion of 5.125% senior unsecured notes due Feb. 10, 2030
- $2.25 billion of 5.200% senior unsecured notes due Feb. 10, 2033
- $1.0 billion of 5.625% senior unsecured notes due Feb. 10, 2043
- $2.0 billion of 5.700% senior unsecured notes due Feb. 10, 2053
- $1.25 billion of 5.900% senior unsecured notes due Feb. 10, 2063
Intel intends to use the net proceeds from the offering of the notes for general corporate purposes, including, but not limited to, refinancing outstanding debt, funding for working capital, and capital expenditures. The offering is expected to settle on or around Feb. 10, 2023, subject to the satisfaction of customary closing conditions.
BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering.
Intel has filed an automatic shelf registration statement (including a prospectus) with the Securities and Exchange Commission (SEC), which is effective. The notes offering is being made pursuant to the registration statement and only by means of the preliminary prospectus supplement Intel has filed with the SEC for the offering to which this news release relates and the accompanying prospectus. Before you invest, you should read the preliminary prospectus supplement (and, when available, the final prospectus supplement) and the accompanying prospectus and other documents the issuer has filed with the SEC for more complete information about Intel and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov or, in the alternative, from BofA Securities, Inc., 200 North College Street, NC1-004-03-43, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by phone (toll-free): (800) 294-1322 or by e-mail: email@example.com, Citigroup Global Markets Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone (toll-free): (800) 831-9146 or by email: firstname.lastname@example.org, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by phone: (212) 834-4533, or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by phone: (866) 718-1649.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the notes or any other securities, nor will there be any sale of the notes or any other securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.