Intel Announces Pricing Of $5 Bln Notes Offering - Quick Facts
9/14/2011
(RTTNews) - Intel Corp. (INTC: News ) announced the pricing of public offering of $5 billion aggregate principal amount of its notes. The offering is expected to close on September 19, 2011.
The public offering consists of $1.5 billion of 1.950 percent notes due October 1, 2016, $2 billion of 3.300 percent notes due October 1, 2021 and $1.5 billion of 4.800 percent notes due October 1, 2041.
Intel expects to receive offering net proceeds of about $4.959 billion, after deducting underwriting discounts. Intel intends to use offering net proceeds primarily to repurchase shares of its common stock and for general corporate purposes.
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