Advanced Micro Devices, Inc. Announces Intention to Offer Senior Notes
Subject: General Tech | October 13, 2004 - 06:53 PM | Joe White
SUNNYVALE, CA -- October 13, 2004 --Advanced Micro Devices, Inc. (NYSE: AMD) today announced that it intends to offer $600,000,000 in principal amount of Senior Notes due 2012 pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
AMD intends to use the net proceeds generated from the offering, together with existing cash, to prepay the full amount owed by the company's indirect wholly-owned German subsidiary, AMD Saxony Limited Liability Company & Co. KG, under its existing term loan.