SANTA CLARA, Calif.--(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.
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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.