Intel Announces Launch of Exchange Offer for $1,966,590,000 Aggregate Principal Amount of its 3.734% Senior Notes Due 2047
May 10 2018 - 9:00AM
Business Wire
Intel Corporation (NASDAQ: INTC) announced today that it has
launched an offer to exchange new registered notes for the
outstanding unregistered notes that it issued in December 2017 in a
private placement pursuant to Rule 144A and Regulation S under the
Securities Act of 1933, as amended (the “Securities Act”).
Intel is offering to exchange (the “Exchange Offer”)
$1,966,590,000 aggregate principal amount of its newly issued
3.734% Senior Notes due 2047 (the “Exchange Notes”) for a like
principal amount of its outstanding 3.734% Senior Notes due 2047
(the “Old Notes”). The Exchange Notes have been registered under
the Securities Act. Intel will not receive any proceeds from the
issuance of the Exchange Notes. The sole purpose of the Exchange
Offer is to fulfill Intel’s obligations under the registration
rights agreement entered into with holders of the Old Notes in
connection with the December 2017 offering.
The Exchange Offer will expire at 5:00 p.m. New York City time
on June 8, 2018, unless otherwise extended (such date and time, as
they may be extended, the “Expiration Date”). The settlement date
for the Exchange Offer will occur as promptly as practicable
following the Expiration Date. The Exchange Offer is made only
pursuant to Intel’s prospectus dated May 10, 2018, which has been
filed with the United States Securities and Exchange Commission.
Intel has not authorized any person to provide information other
than as set forth in the prospectus.
Copies of the exchange offer prospectus and related materials
may be obtained from the exchange agent for the Exchange Offer,
Wells Fargo Bank, National Association, by faxing a request to
(877) 407-4679 (for Eligible Institutions only) or by mailing or
delivering a request to Wells Fargo Bank, National Association, MAC
N9300-070, 600 South Fourth Street, Minneapolis, MN 55402,
Attention: Corporate Trust Operations.
This press release is for informational purposes only and is
neither an offer to buy, nor a solicitation of an offer to sell,
the Exchange Notes or any other securities, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Intel
Intel expands the boundaries of technology to make the most
amazing experiences possible. Information about Intel can be found
at newsroom.intel.com and 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.
Forward-Looking Statements
This communication contains forward-looking statements. Words
such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,”
“intend,” “may,” “plan,” “project,” “predict,” “should,” “would”
and “will” and variations of such words and similar expressions are
intended to identify such forward-looking statements. Such
statements involve risks and uncertainties that could cause our
actual results to differ materially from those expressed or implied
in our forward-looking statements. Such risks and uncertainties
include, among others, risks and uncertainties related to the
completion or timing of the Exchange Offer; and other risks
detailed in Intel’s filings with the SEC, including those discussed
in Intel’s most recent Annual Report on Form 10-K and in any
subsequent periodic reports on Form 10-Q and Form 8-K, each of
which is on file or furnished with the SEC and available at the
SEC’s website at www.sec.gov. SEC filings for Intel are also
available on Intel’s Investor Relations website at www.intc.com.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
Unless otherwise required by applicable law, Intel undertakes no
obligation and does not intend to update these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20180510005391/en/
Intel CorporationInvestor RelationsTushar Jain,
408-653-9488tushar.jain@intel.comorMedia RelationsCara Walker,
503-696-0831cara.walker@intel.com
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