[Techtaffy Newsdesk]
Intel announced that it intends to offer senior unsecured notes under an automatic shelf registration statement on file with the Securities and Exchange Commission. The offering and the final terms of the notes, including principal amount, interest rate and maturity will depend on market and other conditions at the time of pricing.
Intel intends to use the net proceeds from the offering for general corporate purposes and to repurchase shares of its common stock under the company’s existing share repurchase authorization.
J.P. Morgan Securities and Merrill Lynch, Pierce, Fenner & Smith are acting as joint book-running managers for the offering.