Intel Offering Notes; Potential Uses of Proceeds Include Debt Refinancing, Buybacks
February 10 2020 - 2:01PM
Dow Jones News
By Josh Beckerman
Intel Corp. (INTC) plans to offer notes, with proceeds slated
for general purposes that may include refinancing outstanding debt
and share repurchases.
The chip maker said in a securities filing that it expects to
offer 2.45% senior notes due 2029, 3.25% senior notes due 2049, and
another series that didn't have a specified rate or maturity date
in the filing.
S&P Global Ratings rated the notes A+ and said its other
Intel ratings remain unchanged.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 10, 2020 13:46 ET (18:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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