The investment-grade offering comprises seven tranches of notes

Davis Polk advised the joint book-running managers in connection with an $11 billion SEC-registered debt offering by Intel Corporation. The offering consisted of $1.5 billion aggregate principal amount of 4.875% senior notes due 2026, $1.75 billion aggregate principal amount of 4.875% senior notes due 2028, $1.25 billion aggregate principal amount of 5.125% senior notes due 2030, $2.25 billion aggregate principal amount of 5.200% senior notes due 2033, $1 billion aggregate principal amount of 5.625% senior notes due 2043, $2 billion aggregate principal amount of 5.700% senior notes due 2053 and $1.25 billion aggregate principal amount of 5.900% senior notes due 2063.

Intel is an industry leader, creating world-changing technology that enables global progress and enriches lives.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Julia Molo. Partner Michael Farber and associate Ted Lee provided tax advice. Partner David R. Bauer and associate Alison T. Chin provided intellectual property advice. Associate Ann Herman provided ’40 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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