Attached files
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| 8-K - 2.95 CONVERTIBLE DEBENTURES DUE 2035 - INTEL CORP | convertible_bonds.htm |
| Exhibit 99.1 | ||
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Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95054-1549
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Intel's 2.95% Junior Subordinated Convertible Debentures Due 2035
to Pay Contingent Interest of $4 Million
SANTA CLARA, Calif., Dec. 16, 2016 – 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.
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Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
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CONTACTS:
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Trey Campbell
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Cara Walker
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Investor Relations
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Media Relations |
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503-696-0831
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503-696-0831 |
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trey.s.campbell@intel.com | cara.walker@intel.com |