AMD Announces Public Offerings of $600 Million of Common Stock and $450 Million of Convertible Senior Notes

SUNNYVALE, CA (Mar짯ket짯wired) 09/06/16 AMD (NASDAQ: AMD) today announ짯ced that it intends to com짯mence con짯cur짯rent public offe짯rings, sub짯ject to mar짯ket and other con짯di짯ti짯ons, of appro짯xi짯m짯ate짯ly $600 mil짯li짯on of its com짯mon stock (the 쏶hares) and $450 mil짯li짯on aggre짯ga짯te prin짯ci짯pal amount of its con짯ver짯ti짯ble seni짯or notes due 2026 (the 쏯ew Notes). AMD is offe짯ring all of the Shares and the New Notes. In addi짯ti짯on, AMD expects to grant the under짯wri짯ters a 30-day opti짯on to purcha짯se up to appro짯xi짯m짯ate짯ly $90 mil짯li짯on of addi짯tio짯nal shares of com짯mon stock at the public offe짯ring pri짯ce and up to $67.5 mil짯li짯on prin짯ci짯pal amount of addi짯tio짯nal con짯ver짯ti짯ble seni짯or notes.

AMD intends to use net pro짯ceeds of $1,020 mil짯li짯on recei짯ved from the offe짯rings to repay its bor짯ro짯wings under its cre짯dit faci짯li짯ty and/or to purcha짯se its out짯stan짯ding seni짯or notes. After the com짯ple짯ti짯on of a ten짯der offer for its out짯stan짯ding seni짯or notes, AMD has the opti짯on, but not the obli짯ga짯ti짯on, to call any and all of the unten짯de짯red 7.75 per짯cent Seni짯or Notes due 2020 with any remai짯ning net pro짯ceeds. AMD will use any remai짯ning net pro짯ceeds for capi짯tal expen짯dit짯ures, working capi짯tal and other gene짯ral cor짯po짯ra짯te purposes.

J.P. Mor짯gan Secu짯ri짯ties LLC, Bar짯clays Capi짯tal Inc. and Cre짯dit Suis짯se Secu짯ri짯ties (USA) LLC are acting as joint lead book-run짯ning mana짯gers of the offe짯ring of the Shares. BofA Mer짯rill Lynch, Wells Far짯go Secu짯ri짯ties, LLC, Deut짯sche Bank Secu짯ri짯ties Inc. and Mor짯gan Stan짯ley & Co. LLC are also joint book-run짯ning mana짯gers for the offe짯ring of the Shares.

J.P. Mor짯gan Secu짯ri짯ties LLC, Bar짯clays Capi짯tal Inc. and Cre짯dit Suis짯se Secu짯ri짯ties (USA) LLC are joint lead book-run짯ning mana짯gers of the offe짯ring of the New Notes. BofA Mer짯rill Lynch, and Wells Far짯go Secu짯ri짯ties, LLC are also joint book-run짯ning mana짯gers for the offe짯ring of the New Notes.

An auto짯ma짯ti짯cal짯ly effec짯ti짯ve regis짯tra짯ti짯on state짯ment rela짯ting to the짯se secu짯ri짯ties was filed with the Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on on Sept. 6, 2016. The offe짯ring is being made only by means of an effec짯ti짯ve shelf regis짯tra짯ti짯on state짯ment, inclu짯ding a pro짯s짯pec짯tus sup짯ple짯ment forming a part of the effec짯ti짯ve shelf regis짯tra짯ti짯on state짯ment. Copies of the preli짯mi짯na짯ry pro짯s짯pec짯tus sup짯ple짯ment may be obtai짯ned, when available, from J.P. Mor짯gan Secu짯ri짯ties LLC, c/o Bro짯adridge Finan짯cial Solu짯ti짯ons, 1155 Long Island Ave., Edge짯wood, N.Y. 11717, by tele짯pho짯ne: (866) 8039204; Bar짯clays Capi짯tal Inc., c/o Bro짯adridge Finan짯cial Solu짯ti짯ons, 1155 Long Island Ave., Edge짯wood, N.Y. 11717, by email: Barclaysprospectus@broadridge.com, by tele짯pho짯ne: (888) 6035847; or Cre짯dit Suis짯se Secu짯ri짯ties (USA) LLC, Atten짯ti짯on: Pro짯s짯pec짯tus Depart짯ment, One Madi짯son Ave., New York, N.Y. 10010, by email: newyork.prospectus@credit-suisse.com, by tele짯pho짯ne: 1800-2211037.

This news release shall not con짯sti짯tu짯te an offer to sell or the soli짯ci짯ta짯ti짯on of an offer to buy the짯se secu짯ri짯ties, nor shall the짯re be any sale of the짯se secu짯ri짯ties in any sta짯te in which such offer, soli짯ci짯ta짯ti짯on or sale would be unlawful pri짯or to regis짯tra짯ti짯on or qua짯li짯fi짯ca짯ti짯on under the secu짯ri짯ties laws of any such state.

AMD (NASDAQ: AMD) designs and inte짯gra짯tes tech짯no짯lo짯gy that powers mil짯li짯ons of intel짯li짯gent devices, inclu짯ding per짯so짯nal com짯pu짯ters, tablets, game con짯so짯les and cloud ser짯vers that defi짯ne the new era of sur짯round com짯pu짯ting. AMD solu짯ti짯ons enable peo짯p짯le ever짯y짯whe짯re to rea짯li짯ze the full poten짯ti짯al of their favo짯ri짯te devices and appli짯ca짯ti짯ons to push the boun짯da짯ries of what is possible.

Cau짯tio짯na짯ry Statement
This news release con짯ta짯ins 쐄or짯ward-loo짯king state짯ments within the mea짯ning of Sec짯tion 21E of the Secu짯ri짯ties Exch짯an짯ge Act of 1934, as amen짯ded, and Sec짯tion 27A of the Secu짯ri짯ties Act of 1933, as amen짯ded. For짯ward-loo짯king state짯ments reflect cur짯rent expec짯ta짯ti짯ons and pro짯jec짯tions about future events, inclu짯ding whe짯ther the offe짯ring is com짯ple짯ted on the terms spe짯ci짯fied or at all and AMD셲 anti짯ci짯pa짯ted use of pro짯ceeds from the offe짯ring, and thus invol짯ve uncer짯tain짯ty and risk. It is pos짯si짯ble that future events may dif짯fer from expec짯ta짯ti짯ons due to a varie짯ty of risks and other fac짯tors such as tho짯se descri짯bed in AMD셲 Annu짯al Report on Form 10멚 for the fis짯cal year ended Decem짯ber 26, 2015 and Quar짯ter짯ly Reports on Form 10멡 for the quar짯ters ended March 26, 2016 and June 25, 2016, as filed with the U.S. Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on. It is not pos짯si짯ble to fore짯see or iden짯ti짯fy all such fac짯tors. Any for짯ward-loo짯king state짯ments in this news release are based on cer짯tain assump짯ti짯ons and ana짯ly짯ses made in light of AMD셲 expe짯ri짯ence and per짯cep짯ti짯on of his짯to짯ri짯cal trends, cur짯rent con짯di짯ti짯ons, expec짯ted future deve짯lo짯p짯ments, and other fac짯tors it belie짯ves are appro짯pria짯te in the cir짯cum짯s짯tances. For짯ward-loo짯king state짯ments are not a gua짯ran짯tee of future per짯for짯mance and actu짯al results or deve짯lo짯p짯ments may dif짯fer mate짯ri짯al짯ly from expec짯ta짯ti짯ons. AMD does not intend to update any par짯ti짯cu짯lar for짯ward-loo짯king state짯ments con짯tai짯ned in this news release.

AMD, the AMD Arrow logo and com짯bi짯na짯ti짯ons the짯reof are trade짯marks of Advan짯ced Micro Devices, Inc. Other names are for infor짯ma짯tio짯nal pur짯po짯ses only and may be trade짯marks of their respec짯ti짯ve owners.

Media Cont짯act
Drew Prairie
512602-4425
drew.prairie@amd.com

Inves짯tor Contact
Ruth Cotter
408749-3887
ruth.cotter@amd.com

Source: Advan짯ced Micro Devices