Intel Corp 8-K, filed Jun 14, 2024
Intel Corp (INTC)
8-K
2024-06-14
For: 2024-06-12
View Original
Added on
April 07, 2026
About this 8-K
Intel Corp filed this 8-K on June 14, 2024, reporting on events of June 12, 2024.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2024
(Exact name of registrant as specified in its charter)
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Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on June 4, 2024, Intel Ireland Limited (“Intel Ireland”), a wholly-owned subsidiary of Intel Corporation (“Intel” and, together with Intel Ireland, “we,” “our” or “us”), entered into a purchase and sale agreement (the “Purchase and Sale Agreement”) with AP Grange Holdings, LLC (“Co-Investor”), an entity formed at the direction of and managed by certain affiliates of Apollo Global Management, Inc.
Consummation of the transactions contemplated by the Purchase and Sale Agreement (the “Closing”) was subject to the satisfaction of certain limited customary conditions. On June 12, 2024, following satisfaction of the closing conditions of the Purchase and Sale Agreement, Intel and the parties thereto consummated the Closing.
In connection with the Closing, under the Purchase and Sale Agreement, Co-Investor acquired from Intel Ireland a 49% ownership interest in Grange Newco LLC, a Cayman Islands limited liability company (“JV Company”) formed by Intel Ireland in connection with Fab 34, Intel’s leading-edge fabrication facility designed for manufacturing wafers using the Intel 4 and Intel 3 process technologies in Leixlip, Ireland, for approximately $11 billion. The remaining 51% ownership interest in JV Company remains under the ownership of Intel Ireland.
As contemplated by the Purchase and Sale Agreement, in connection with the Closing, Intel Ireland and Co-Investor entered into the amended and restated limited liability company agreement of JV Company (the “Limited Liability Company Agreement”) on June 12, 2024 in the form previously filed with and described in Intel’s Current Report on Form 8‑K dated June 4, 2024.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTEL CORPORATION (Registrant) | |||||||||||||||||
| Date: | June 14, 2024 | By: | /s/ April Miller Boise | ||||||||||||||
| April Miller Boise | |||||||||||||||||
| Executive Vice President and Chief Legal Officer | |||||||||||||||||