AMD Commences Tender Offer for its 5.75% Convertible Senior Notes due 2012


AMD (NYSE: AMD) today announced that it commenced a cash tender offer for up to $1,000,000,000 in aggregate principal amount of its outstanding 5.75% Convertible Senior Notes due 2012 (the ?notes?). AMD intends to finance the purchase of the notes tendered in the tender offer with the net proceeds from the closing of AMD?s private offering of $500,000,000 aggregate principal amount of senior notes due 2017 (the ?New Notes Offering?), which was separately announced by AMD today, and from the receipt of the $1.25 billion cash payment (the ?Settlement Payment?) from Intel Corporation pursuant to the Company?s recently announced settlement agreement with Intel.




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