Intel intends to sell senior notes in five tranches

By Devika Patel

Knoxville, Tenn., May 8 – Intel Corp. intends to offer senior notes (A1) in five tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in four fixed-rate tranches and a floating-rate tranche.

The fixed-rate portions will have make-whole calls and then par calls. The floaters will be non-callable.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the joint bookrunners.

Proceeds will be used for general corporate purposes.

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

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