Intel Gets $10.96 Billion from Sale of Notes
2023年2月11日 - 7:42AM
Dow Jones News
By Sabela Ojea
Intel Corp. said Friday that it is receiving net proceeds of
$10.96 billion from a sale of notes.
The chip maker said it sold notes of an aggregate principal
amount of $11.0 billion.
It didn't detail where the proceeds of the sale will be
invested.
The sale includes $1.50 billion of 4.875% senior notes due 2026,
$1.75 billion of 4.875% senior notes due 2028, among other notes
due in 2030, 2033, 2043, 2053 and 2063.
Earlier this year, the company issued a disappointing set of
quarterly results that spurred a downgrade in its credit
rating.
As a result of this, the company is setting its efforts toward
reducing costs and is implementing job cuts. Chief Executive Pat
Gelsinger will see his base pay reduced 25% as part of the
restructuring plan.
Shares rose 0.7% in after-hours trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 10, 2023 17:27 ET (22:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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