Intel's 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million

SANTA CLARA, Calif.--()--Intel Corporation announced that the upside trigger on its 2.95 percent junior subordinated convertible debentures, which were issued in 2005 and are due 2035 (CUSIP No. 458140AD2) (the "Notes"), has been met for the six-month interest payment period from June 15, 2017 to Dec. 15, 2017. As a result, contingent interest will be paid on the Notes for that six-month interest payment period. Contingent interest of approximately $4 million in the aggregate on the $1.6 billion outstanding principal amount of the Notes, or approximately $2.50 per $1,000 principal amount of the Notes, will be paid on Dec. 15, 2017, to the holders of record as of Dec. 1, 2017.

About Intel

Intel (NASDAQ: INTC) 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.

Contacts

Intel Corporation
Trey Campbell, 503-696-0431
Investor Relations
trey.s.campbell@intel.com
or
Cara Walker, 503-696-0831
Media Relations
cara.walker@intel.com

Recent Stories

RSS feed for Intel Corporation

Intel Corporation