Intel Corporation announced the issuance of $6.5 billion in aggregate principal amount of senior unsecured notes across five tranches with maturities ranging from 2031 to 2066. The company expects to receive net proceeds of approximately $6.47 billion from the offering, which will be used for debt repayment.
Key Details
- Offering Size: The total offering consists of $6.5 billion in aggregate principal amount, with expected net proceeds of approximately $6.47 billion after underwriting discounts.
- Use of Proceeds: The proceeds are intended to repay a bridge loan related to the company's repurchase of a 49% minority interest from Apollo-managed funds in a joint investment entity for its wafer fabrication plant in Ireland.
- Note Tranches: The offering is composed of five series of senior notes:
- $1.0 billion of 4.650% Senior Notes due 2031
- $1.0 billion of 5.000% Senior Notes due 2033
- $2.25 billion of 5.300% Senior Notes due 2036
- $1.75 billion of 6.125% Senior Notes due 2056
- $500 million of 6.200% Senior Notes due 2066