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

SUNNYVALE, CA — (Mar­ket­wired) — 09/06/16 — AMD (NASDAQ: AMD) today announ­ced that it intends to com­mence con­cur­rent public offe­rings, sub­ject to mar­ket and other con­di­ti­ons, of appro­xi­m­ate­ly $600 mil­li­on of its com­mon stock (the “Shares”) and $450 mil­li­on aggre­ga­te prin­ci­pal amount of its con­ver­ti­ble seni­or notes due 2026 (the “New Notes”). AMD is offe­ring all of the Shares and the New Notes. In addi­ti­on, AMD expects to grant the under­wri­ters a 30-day opti­on to purcha­se up to appro­xi­m­ate­ly $90 mil­li­on of addi­tio­nal shares of com­mon stock at the public offe­ring pri­ce and up to $67.5 mil­li­on prin­ci­pal amount of addi­tio­nal con­ver­ti­ble seni­or notes.

AMD intends to use net pro­ceeds of $1,020 mil­li­on recei­ved from the offe­rings to repay its bor­ro­wings under its cre­dit faci­li­ty and/or to purcha­se its out­stan­ding seni­or notes. After the com­ple­ti­on of a ten­der offer for its out­stan­ding seni­or notes, AMD has the opti­on, but not the obli­ga­ti­on, to call any and all of the unten­de­red 7.75 per­cent Seni­or Notes due 2020 with any remai­ning net pro­ceeds. AMD will use any remai­ning net pro­ceeds for capi­tal expen­dit­ures, working capi­tal and other gene­ral cor­po­ra­te purposes.

J.P. Mor­gan Secu­ri­ties LLC, Bar­clays Capi­tal Inc. and Cre­dit Suis­se Secu­ri­ties (USA) LLC are acting as joint lead book-run­ning mana­gers of the offe­ring of the Shares. BofA Mer­rill Lynch, Wells Far­go Secu­ri­ties, LLC, Deut­sche Bank Secu­ri­ties Inc. and Mor­gan Stan­ley & Co. LLC are also joint book-run­ning mana­gers for the offe­ring of the Shares.

J.P. Mor­gan Secu­ri­ties LLC, Bar­clays Capi­tal Inc. and Cre­dit Suis­se Secu­ri­ties (USA) LLC are joint lead book-run­ning mana­gers of the offe­ring of the New Notes. BofA Mer­rill Lynch, and Wells Far­go Secu­ri­ties, LLC are also joint book-run­ning mana­gers for the offe­ring of the New Notes.

An auto­ma­ti­cal­ly effec­ti­ve regis­tra­ti­on state­ment rela­ting to the­se secu­ri­ties was filed with the Secu­ri­ties and Exch­an­ge Com­mis­si­on on Sept. 6, 2016. The offe­ring is being made only by means of an effec­ti­ve shelf regis­tra­ti­on state­ment, inclu­ding a pro­s­pec­tus sup­ple­ment forming a part of the effec­ti­ve shelf regis­tra­ti­on state­ment. Copies of the preli­mi­na­ry pro­s­pec­tus sup­ple­ment may be obtai­ned, when available, from J.P. Mor­gan Secu­ri­ties LLC, c/o Bro­adridge Finan­cial Solu­ti­ons, 1155 Long Island Ave., Edge­wood, N.Y. 11717, by tele­pho­ne: (866) 803‑9204; Bar­clays Capi­tal Inc., c/o Bro­adridge Finan­cial Solu­ti­ons, 1155 Long Island Ave., Edge­wood, N.Y. 11717, by email: Barclaysprospectus@broadridge.com, by tele­pho­ne: (888) 603‑5847; or Cre­dit Suis­se Secu­ri­ties (USA) LLC, Atten­ti­on: Pro­s­pec­tus Depart­ment, One Madi­son Ave., New York, N.Y. 10010, by email: newyork.prospectus@credit-suisse.com, by tele­pho­ne: 1–800-221‑1037.

This news release shall not con­sti­tu­te an offer to sell or the soli­ci­ta­ti­on of an offer to buy the­se secu­ri­ties, nor shall the­re be any sale of the­se secu­ri­ties in any sta­te in which such offer, soli­ci­ta­ti­on or sale would be unlawful pri­or to regis­tra­ti­on or qua­li­fi­ca­ti­on under the secu­ri­ties laws of any such state.

AMD (NASDAQ: AMD) designs and inte­gra­tes tech­no­lo­gy that powers mil­li­ons of intel­li­gent devices, inclu­ding per­so­nal com­pu­ters, tablets, game con­so­les and cloud ser­vers that defi­ne the new era of sur­round com­pu­ting. AMD solu­ti­ons enable peo­p­le ever­y­whe­re to rea­li­ze the full poten­ti­al of their favo­ri­te devices and appli­ca­ti­ons to push the boun­da­ries of what is possible.

Cau­tio­na­ry Statement
This news release con­ta­ins “for­ward-loo­king” state­ments within the mea­ning of Sec­tion 21E of the Secu­ri­ties Exch­an­ge Act of 1934, as amen­ded, and Sec­tion 27A of the Secu­ri­ties Act of 1933, as amen­ded. For­ward-loo­king state­ments reflect cur­rent expec­ta­ti­ons and pro­jec­tions about future events, inclu­ding whe­ther the offe­ring is com­ple­ted on the terms spe­ci­fied or at all and AMD’s anti­ci­pa­ted use of pro­ceeds from the offe­ring, and thus invol­ve uncer­tain­ty and risk. It is pos­si­ble that future events may dif­fer from expec­ta­ti­ons due to a varie­ty of risks and other fac­tors such as tho­se descri­bed in AMD’s Annu­al Report on Form 10‑K for the fis­cal year ended Decem­ber 26, 2015 and Quar­ter­ly Reports on Form 10‑Q for the quar­ters ended March 26, 2016 and June 25, 2016, as filed with the U.S. Secu­ri­ties and Exch­an­ge Com­mis­si­on. It is not pos­si­ble to fore­see or iden­ti­fy all such fac­tors. Any for­ward-loo­king state­ments in this news release are based on cer­tain assump­ti­ons and ana­ly­ses made in light of AMD’s expe­ri­ence and per­cep­ti­on of his­to­ri­cal trends, cur­rent con­di­ti­ons, expec­ted future deve­lo­p­ments, and other fac­tors it belie­ves are appro­pria­te in the cir­cum­s­tances. For­ward-loo­king state­ments are not a gua­ran­tee of future per­for­mance and actu­al results or deve­lo­p­ments may dif­fer mate­ri­al­ly from expec­ta­ti­ons. AMD does not intend to update any par­ti­cu­lar for­ward-loo­king state­ments con­tai­ned in this news release.

AMD, the AMD Arrow logo and com­bi­na­ti­ons the­reof are trade­marks of Advan­ced Micro Devices, Inc. Other names are for infor­ma­tio­nal pur­po­ses only and may be trade­marks of their respec­ti­ve owners.

Media Cont­act
Drew Prairie
512–602-4425
drew.prairie@amd.com

Inves­tor Contact
Ruth Cotter
408–749-3887
ruth.cotter@amd.com

Source: Advan­ced Micro Devices