Intel Offering $1.5 Billion In Notes

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

July 20, 2009

Intel, the world's biggest maker of microprocessors, says it is offering $1.5 billion in junior subordinated convertible debentures and will use proceeds to buyback stock.

The company says the debentures are due in 2039. Intel is granting initial buyers of the debentures the right to buy up to $250 million additional debentures to cover overallotments.

Intel has about 5.6 billion shares of outstanding stock.

Shares rose 11 cents to close at $18.90 Monday.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 51246209 - kake.com/a?a=51246209
Gray Television, Inc.