Intel’s 2.95% Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million
December 16 2014 - 04:10PM
Business Wire
Intel announced that the upside trigger on its 2.95 percent
junior subordinated convertible debentures, which were issued in
2005 and due 2035 (CUSIP No. 458140AD2) (the "Notes"), has been met
for the six-month interest payment period from Dec. 15, 2014 to
June 15, 2015. 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 June 15, 2015, to the holders of record as
of June 1, 2015.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation.
The company designs and builds the essential technologies that
serve as the foundation for the world's computing devices. As a
leader in corporate responsibility and sustainability, Intel also
manufactures the world's first commercially available
"conflict-free" microprocessors. Additional information about Intel
is available
at newsroom.intel.com and blogs.intel.com and about
Intel's conflict-free efforts at conflictfree.intel.com.
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* Other names and brands may be claimed as the property of
others.
Intel CorporationTrey Campbell, 503-696-0431Investor
Relationstrey.s.campbell@intel.comCara Walker, 503-696-0831Media
Relationscara.walker@intel.com
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