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IBM grosses $1.50 billion from debt offering

International Business Machines Corp. raised gross proceeds of $1.50 billion from an offering of 1.125% notes due Feb. 6, 2018.

The company plans to use the proceeds for general corporate purposes or working capital.

Citigroup Global Markets Inc., Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc. and Wells Fargo Securities LLC were the lead underwriters.

Blaylock Beal Van LLC, Lebenthal & Co. LLC, PNC Capital Markets LLC and SMBC Nikko Securities America Inc. also served as underwriters for the offering.