Intel Corporation $2.25 Billion Senior Notes Offering

Davis Polk advised the joint book-running managers in connection with a $2.25 billion SEC-registered debt offering by Intel Corporation. The offering consisted of $750 million aggregate principal amount of 2.450% senior notes due 2029, $500 million aggregate principal amount of 3.250% senior notes due 2049 and $1.0 billion aggregate principal amount of 3.100% senior notes due 2060. The 2029 notes and the 2049 notes are re-openings of notes issued on November 21, 2019.

Intel is a world leader in the design and manufacturing of essential technologies that power the cloud and an increasingly smart, connected world.

The Davis Polk corporate team included partner Alan F. Denenberg and counsel Jeffrey Gould. Partner William A. Curran and associate Adam R. Brownstone provided tax advice. Associate Jennifer Leather provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.