AMD Closes Private Offering Of 7.75% Senior Notes Due In 2012

Subject: General Tech | October 29, 2004 - 06:17 PM |
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SUNNYVALE, CA -- October 29, 2004 --Advanced Micro Devices, Inc. (NYSE: AMD) today announced that it has closed a private offering of $600 million of 7.75 percent Senior Notes due in 2012. AMD intends to use the net proceeds from the offering, approximately $587 million, together with existing cash, to prepay the full amount owed by AMD's indirect wholly-owned German subsidiary, AMD Saxony Limited Liability Company & Co. KG, under its existing term loan.

Source: AMD