Intel's 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of $4 Million

Intel’s 2.95 Percent Junior Subordinated Convertible Debentures Due 2035 to Pay Contingent Interest of Million



SANTA CLARA, Calif.–(BUSINESS WIRE)–Intel Corporation announced that the upside trigger on its 2.95 percent junior subordinated convertible debentures, which were issued in 2005 and are due 2035 (CUSIP No. 458140AD2) (the “Notes”), has been met for the six-month interest payment period from June 15, 2017 to Dec. 15, 2017. As a result, contingent interest will be paid on the Notes for that six-month interest payment period. Contingent interest of approximately $4 million in the aggregate on th

Source: Business News