SUNNYVALE, CA — (Mar­ket­wired) — 11/12/13 — AMD (NYSE: AMD) today announ­ced that the com­pa­ny and its sub­si­dia­ry, AMD Inter­na­tio­nal Sales & Ser­vice, Ltd. (coll­ec­tively, the “Bor­ro­wers”), have ente­red into a loan and secu­ri­ty agree­ment for a prin­ci­pal amount up to $500 mil­li­on (the “Secu­red Revol­ving Line of Cre­dit”) with a group of len­ders and Bank of Ame­ri­ca, N.A. acting as agent for the len­ders. The pro­ceeds of the Secu­red Revol­ving Line of Cre­dit may be used for gene­ral cor­po­ra­te pur­po­ses, inclu­ding working capi­tal needs. Avai­la­bi­li­ty under the Secu­red Revol­ving Line of Cre­dit is limi­t­ed to a bor­ro­wing base of 85% of eli­gi­ble accounts receiva­ble, less cer­tain reser­ves. The obli­ga­ti­ons under the Secu­red Revol­ving Line of Cre­dit are secu­red by the Bor­ro­wers’ accounts receiva­ble and inven­to­ry. The five-year Secu­red Revol­ving Line of Cre­dit will matu­re on Novem­ber 12, 2018. No dra­wings were made under the Secu­red Revol­ving Line of Cre­dit on the clo­sing date of the loan agreement.

“We have made signi­fi­cant pro­gress during the last year streng­thening our capi­tal struc­tu­re to sup­port our stra­te­gic growth plans,” said Devin­der Kumar, AMD seni­or vice pre­si­dent and chief finan­cial offi­cer. “We expect to end the fourth quar­ter of 2013 with cash, cash equi­va­lents and mar­ke­ta­ble secu­ri­ties, inclu­ding long-term mar­ke­ta­ble secu­ri­ties, balan­ces of appro­xi­m­ate­ly $1.2 bil­li­on and remain com­mit­ted to main­tai­ning ongo­ing balan­ces of appro­xi­m­ate­ly $1.1 bil­li­on, our tar­get opti­mal level. This secu­red revol­ving line of cre­dit pro­vi­des AMD with grea­ter finan­cial fle­xi­bi­li­ty as we con­ti­nue trans­forming AMD for growth across a more diver­se set of markets.”

About AMD 
AMD (NYSE: 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. For more infor­ma­ti­on, visit www.amd.com.

This press release con­ta­ins for­ward-loo­king state­ments con­cer­ning Advan­ced Micro Devices, Inc.(“AMD” or the “Com­pa­ny”) inclu­ding, among other things, AMD’s tar­get opti­mal cash balan­ce and cash balan­ce for the fourth quar­ter of 2013, the anti­ci­pa­ted bene­fits and use of the Secu­red Revol­ving Line of Cre­dit and the abili­ty of AMD to trans­form for growth across a more diver­se set of mar­kets, which are made pur­su­ant to the safe har­bor pro­vi­si­ons of the Pri­va­te Secu­ri­ties Liti­ga­ti­on Reform Act. For­ward-loo­king state­ments are com­mon­ly iden­ti­fied by words such as “would,” “may,” “expects,” “belie­ves,” “plans,” “intends,” “pro­jects,” and other terms with simi­lar mea­ning. Inves­tors are cau­tio­ned that the for­ward-loo­king state­ments in this pre­sen­ta­ti­on are based on cur­rent beliefs, assump­ti­ons and expec­ta­ti­ons, speak only as of the date of this pre­sen­ta­ti­on and invol­ve risks and uncer­tain­ties that could cau­se actu­al results to dif­fer mate­ri­al­ly from cur­rent expec­ta­ti­ons. Risks include the pos­si­bi­li­ty that that Intel Corporation’s pri­cing, mar­ke­ting and reba­ting pro­grams, pro­duct bund­ling, stan­dard set­ting, new pro­duct intro­duc­tions or other acti­vi­ties may nega­tively impact the Company’s plans; that the Com­pa­ny will requi­re addi­tio­nal fun­ding and may be unable to rai­se suf­fi­ci­ent capi­tal on favorable terms, or at all; that cus­to­mers stop buy­ing the Company’s pro­ducts or mate­ri­al­ly redu­ce their ope­ra­ti­ons or demand for its pro­ducts; that the Com­pa­ny may be unable to deve­lop, launch and ramp new pro­ducts and tech­no­lo­gies in the volu­mes that are requi­red by the mar­ket at matu­re yields on a time­ly basis; that the company’s third-par­ty foundry sup­pli­ers will be unable to tran­si­ti­on the Company’s pro­ducts to advan­ced manu­fac­tu­ring pro­cess tech­no­lo­gies in a time­ly and effec­ti­ve way or to manu­fac­tu­re the Company’s pro­ducts on a time­ly basis in suf­fi­ci­ent quan­ti­ties and using com­pe­ti­ti­ve pro­cess tech­no­lo­gies; that the Com­pa­ny will be unable to obtain suf­fi­ci­ent manu­fac­tu­ring capa­ci­ty or com­pon­ents to meet demand for its pro­ducts or will not ful­ly uti­li­ze the Company’s pro­jec­ted manu­fac­tu­ring capa­ci­ty needs at GLOBALFOUNDRIES Inc. (GF) micro­pro­ces­sor manu­fac­tu­ring faci­li­ties; that the Company’s requi­re­ments for wafers will be less than the fixed num­ber of wafers that we agreed to purcha­se from GF or GF encoun­ters pro­blems that signi­fi­cant­ly redu­ce the num­ber of func­tion­al die the Com­pa­ny recei­ves from each wafer; that the Com­pa­ny is unable to suc­cessful­ly imple­ment its long-term busi­ness stra­tegy; that the Com­pa­ny inac­cu­ra­te­ly esti­ma­tes the quan­ti­ty or type of pro­ducts that its cus­to­mers will want in the future or will ulti­m­ate­ly end up purcha­sing, resul­ting in excess or obso­le­te inven­to­ry; that the Com­pa­ny is unable to mana­ge the risks rela­ted to the use of its third-par­ty dis­tri­bu­tors and add-in-board (AIB) part­ners or offer the appro­pria­te incen­ti­ves to focus them on the sale of the Company’s pro­ducts; that the Com­pa­ny may be unable to main­tain the level of invest­ment in rese­arch and deve­lo­p­ment that is requi­red to remain com­pe­ti­ti­ve; that the­re may be unex­pec­ted varia­ti­ons in mar­ket growth and demand for the Company’s pro­ducts and tech­no­lo­gies in light of the pro­duct mix that it may have available at any par­ti­cu­lar time; that glo­bal busi­ness and eco­no­mic con­di­ti­ons, inclu­ding con­su­mer PC mar­ket con­di­ti­ons, will not impro­ve or will wor­sen; and the effect of poli­ti­cal or eco­no­mic insta­bi­li­ty, dome­sti­cal­ly or inter­na­tio­nal­ly, on our sales or sup­p­ly chain. Inves­tors are urged to review in detail the risks and uncer­tain­ties in the Company’s Secu­ri­ties and Exch­an­ge Com­mis­si­on filings, inclu­ding but not limi­t­ed to the Quar­ter­ly Report on Form 10‑Q for the quar­ter ended Sep­tem­ber 28, 2013.

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