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Intel Announces Pricing Of $6 Bln Senior Notes Offering - Quick Facts

Intel Corp (INTC: Quote) announced the pricing of four series of senior unsecured notes for $6.0 billion. The company expects to the offering on December 11, 2012.

Of these notes, $3.0 billion will mature on Dec. 15, 2017 and will bear interest at an annual rate of 1.35%, $1.5 billion will mature on Dec. 15, 2022 and will bear interest at an annual rate of 2.70%, $750 million will mature on Dec. 15, 2032 and will bear interest at an annual rate of 4.0%, and $750 million will mature on Dec. 15, 2042 and will bear interest at an annual rate of 4.25%.

Intel intends to use offering net proceeds for general corporate purposes and to repurchase shares under existing share repurchase authorization.

by RTT Staff Writer

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