Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. and Credit Suisse Securities (USA) LLC as joint book-running managers of a Rule 144A offering by Intel Corporation of $2 billion aggregate principal amount of 3.25% junior subordinated convertible debentures due 2039.

Intel Corporation, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live.

The Davis Polk corporate team included partner Alan F. Denenberg, associates Robert J. Maynes and Patrick Spencer and summer associate Nicholas J. Dashman. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa provided tax advice. The intellectual property team included partner Steven S. Weiner and associates Vishnu Reddy and Arne Lambrecht (not yet admitted). Partner Gail A. Flesher and associate Emma L. Ahrens provided environmental advice. Michael Nguyen and Jessica L. Talbot were the legal assistants on the transaction. All members of the Davis Polk team are based in the Menlo Park office, except Mss. Flesher and Ahrens who are based in the New York office.