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Intel logoIntel INTC

Intel issued 5.000% Senior Notes due 2031 in the amount of $500,000,000, 5.150% Senior Notes due 2034 in the amount of $900,000,000, and 5.600% Senior Notes due 2054 in the amount of $1,150,000,000, on February 21, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Intel issued 5.000% Senior Notes due 2031 in the amount of $500,000,000, 5.150% Senior Notes due 2034 in the amount of $900,000,000, and 5.600% Senior Notes due 2054 in the amount of $1,150,000,000, on February 21, 2024.

  2. The company said the aggregate principal amount of the Notes is $2.55 billion, and the net proceeds, before expenses but after deducting underwriting discounts, are approximately $2.53 billion.

  3. The company said it issued the Notes on February 15, 2024 under an underwriting agreement with BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, Morgan Stanley and Wells Fargo Securities as representatives of the underwriters.

  4. The company said the Notes were registered under its Form S-3 registration statement filed on February 2, 2023, and were issued under an indenture with Computershare Trust Company as trustee, supplemented by the Twentieth Supplemental Indenture dated February 21, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Intel Issues 3 Tranches of Senior Notes on February 21, 2024

Intel issued 5.000% Senior Notes due 2031 in the amount of $500,000,000, 5.150% Senior Notes due 2034 in the amount of $900,000,000, and 5.600% Senior Notes due 2054 in the amount of $1,150,000,000, on February 21, 2024.

Source · Based on the filing body and exhibits

Notes Issued With $2.55 billion Principal Amount, Approximately $2.53 billion Net Proceeds

The company said the aggregate principal amount of the Notes is $2.55 billion, and the net proceeds, before expenses but after deducting underwriting discounts, are approximately $2.53 billion.

Source · Based on the filing body and exhibits

Underwriting Agreement and Representatives Dated February 15, 2024

The company said it issued the Notes on February 15, 2024 under an underwriting agreement with BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, Morgan Stanley and Wells Fargo Securities as representatives of the underwriters.

Source · Based on the filing body and exhibits

Registration on Form S-3 and Basis for Twentieth Supplemental Indenture Issuance

The company said the Notes were registered under its Form S-3 registration statement filed on February 2, 2023, and were issued under an indenture with Computershare Trust Company as trustee, supplemented by the Twentieth Supplemental Indenture dated February 21, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.