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Intel grosses $997.5 million from debt offering

Intel Corp. raised gross proceeds of $997.5 million from an offering of 2.600% senior unsecured notes due May 19, 2026.

The company plans to use the proceeds for investment in securities and redemption or repayment of debt securities.

J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. were the lead underwriters.

Loop Capital Markets LLC and Williams Capital Group LP also served as underwriters for the offering.