Intel's 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million
June 16 2017 - 4:30PM
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 June 15, 2017 to Dec. 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 Dec. 15, 2017, to the holders of record
as of Dec. 1, 2017.
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version on businesswire.com: http://www.businesswire.com/news/home/20170616005612/en/
Intel CorporationTrey Campbell, 503-696-0431Investor
Relationstrey.s.campbell@intel.comorCara Walker, 503-696-0831Media
Relationscara.walker@intel.com
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