Intel talks benchmark four-part offering for Altera acquisition; pricing Wednesday

By Aleesia Forni

Virginia Beach, July 22 – Intel Corp. plans to price senior notes (A1/A+/A+) in four tranches during Wednesday’s session, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The offering includes five-year notes initially talked in the 100 basis points area over Treasuries, seven-year notes talked in the 130 bps area over Treasuries and 10-year notes talked in the area of 155 bps over Treasuries.

A 30-year tranche is talked in the area of 205 bps over Treasuries.

BofA Merrill Lynch and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to fund in part the company’s acquisition of Altera Corp.

Intel is a semiconductor chip maker based in Santa Clara, Calif.

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