Intel Corporation’s $2.25 Billion Senior Notes Offering

Davis Polk and Gibson, Dunn & Crutcher advised on the deal.

Intel Corporation issued a $2.25 billion SEC-registered debt offering.

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.

Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, Academy Securities, Inc, Drexel Hamilton, LLC, Guzman & Company, and Samuel A. Ramirez & Company, Inc. were the joint book-running managers for the offering.

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 advising the joint book-running managers included partner Alan F. Denenberg (Picture) 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.

Involved fees earner: Adam Brownstone – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jeffrey Gould – Davis Polk & Wardwell; Jennifer Leather – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Academy Securities; Drexel Hamilton; Goldman Sachs & Co.; Guzman & Company; Samuel A. Ramirez & Company, Inc.; Wells Fargo Securities;