AMD Announces Private Offering of $500 Million of Senior Notes

SUNNYVALE, CA — 02/20/14 — Advanced Micro Devices, Inc. (NYSE: AMD) today announced that it intends to commence a private offering, subject to market and other conditions, of$500 million aggregate principal amount of senior notes due 2019. AMD intends to use the net proceeds received in the offering to repurchase up to $425 million aggregate principal amount of its outstanding 6.00% Convertible Senior Notes due 2015 through a tender offer which was launched onFebruary 20, 2014. AMD intends to use remaining net proceeds to repurchase up to a maximum of$200 million aggregate principal amount of AMD’s outstanding 8.125% Senior Notes due 2017 through a tender offer which was also launched on February 20, 2014. To the extent AMD will have net proceeds after the completion of the tender offers, it will use such net proceeds to redeem, repurchase or otherwise retire other outstanding debt.
(…)

» Pressemitteilung lesen