Intel's 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 To Pay Contingent Interest of $4 Million
December 16 2016 - 5:00PM
Business Wire
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 Dec. 15, 2016 to June 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 June 15, 2017, to the holders of record
as of June 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161216005795/en/
Intel CorporationInvestor Relations:Trey Campbell,
503-696-0431trey.s.campbell@intel.comorMedia Relations:Cara Walker,
503-696-0831cara.walker@intel.com
Intel (NASDAQ:INTC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intel (NASDAQ:INTC)
Historical Stock Chart
From Apr 2023 to Apr 2024
