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Intel grosses $1.75 billion from debt offering

Intel Corp. raised gross proceeds of $1.75 billion from an offering of 2.45% senior unsecured notes due July 29, 2020.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, and acquisitions or investments.

Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC were the lead underwriters.

Lebenthal & Co. LLC, Needham & Co. LLC and Williams Capital Group LP also served as underwriters for the offering.