On March 25, 2020, Intel Corporation (“Intel”) issued $1,500,000,000 aggregate principal amount of 3.400% Senior Notes due 2025 (the “2025 Notes”), $1,000,000,000 aggregate principal amount of 3.750% Senior Notes due 2027 (the “2027 Notes”), $1,500,000,000 aggregate principal amount of 3.900% Senior Notes due 2030 (the “2030 Notes”), $750,000,000 aggregate principal amount of 4.600% Senior Notes due 2040 (the “2040 Notes”), $2,250,000,000 aggregate principal amount of 4.750% Senior Notes due 2050 (the “2050 Notes”) and $1,000,000,000 aggregate principal amount of 4.950% Senior Notes due 2060 (the “2060 Notes” and, together with the 2025 Notes, the 2027 Notes, the 2030 Notes, the 2040 Notes and the 2050 Notes, the “Notes”) pursuant to the terms of an underwriting agreement dated March 20, 2020 (the “Underwriting Agreement”) among Intel and BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “Underwriters”). The aggregate principal amount of the Notes is $8.00 billion, and the net proceeds from the offering are approximately $7.96 billion, before expenses but after deducting the underwriting discount.
The offering of the Notes sold pursuant to the Underwriting Agreement was registered under Intel’s registration statement on Form S-3 filed on April 26, 2018 (File No. 333-224472) and the Notes were issued pursuant to an indenture between Intel and Wells Fargo Bank, National Association, as successor trustee (the “Trustee”), dated as of March 29, 2006 (the “Base Indenture”), as supplemented by the first supplemental indenture between Intel and the Trustee, dated as of December 3, 2007 (the “First Supplemental Indenture”), as further supplemented by the sixteenth supplemental indenture between Intel and the Trustee, dated as of March 25, 2020 (the “Sixteenth Supplemental Indenture”).
The foregoing descriptions of the Underwriting Agreement, the Base Indenture, the First Supplemental Indenture and the Sixteenth Supplemental Indenture are qualified in their entirety by the terms of such agreements, which are attached as Exhibit 1.1 to this Current Report, Exhibit 4.4 to Form S-3 filed on March 30, 2006 (File No. 333-132865), Exhibit 4.2.4 to Form 10-K filed on February 20, 2008 (File No. 000-06217) and Exhibit 4.1 to this Current Report, respectively, and incorporated by reference herein. The foregoing description of the Notes is qualified in its entirety by reference to the full text of the form of the 3.400% Senior Note due 2025, the form of the 3.750% Senior Note due 2027, the form of the 3.900% Senior Note due 2030, the form of the 4.600% Senior Note due 2040, the form of the 4.750% Senior Note due 2050 and the form of the 4.950% Senior Note due 2060, which are attached as Exhibit 4.2, Exhibit 4.3, Exhibit 4.4, Exhibit 4.5, Exhibit 4.6 and Exhibit 4.7 to this Current Report, respectively, and incorporated by reference herein.