Monday, June 16th 2014
AMD Announces Extension of Tender Offer for Its 8.125% Notes
AMD (NYSE: AMD) today announced that in connection with its previously announced tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation") with respect to any and all of its outstanding 8.125% Senior Notes due 2017 (the "8.125% Notes"), each commencing on June 2, 2014, AMD has extended the deadline by which holders of the 8.125% Notes ("Holders") may early tender their 8.125% Notes and receive an additional payment of $20.00 for each $1,000 principal amount of 8.125% Notes purchased pursuant to the Tender Offer (the "Consent Payment") in accordance with the terms of the Tender Offer (the "Consent Payment Deadline"), for an aggregate purchase price of $1,045.88 per $1,000 principal amount of 8.125% Notes.
The Consent Payment Deadline has been extended to 12:00 midnight, New York City time, on June 19, 2014 (the "New Consent Payment Deadline"). The Consent Payment Deadline for the Tender Offer was previously 12:00 midnight, New York City time, on June 13, 2014. As of that time, $135.3 million, or 48.5%, of the $278.9 million outstanding aggregate principal amount of the 8.125% Notes have been tendered and have consented, which is approximately $4.1 million principal amount fewer tendered 8.125% Notes than required to reduce the redemption notice period for the 8.125% Notes from 30 calendar days to 3 business days. The current redemption price is $1,040.63 per $1,000 aggregate principal amount of 8.125% Notes. Withdrawal rights for Holders expired at 12:00 midnight on June 13, 2014 and are not being extended.
Holders who validly tender their 8.125% Notes on or prior to the New Consent Payment Deadline will be entitled to the Consent Payment. Except for the extension of the Consent Payment Deadline to the New Consent Payment Deadline, all other terms and conditions of the Tender Offer and Consent Solicitation remain the same. The Tender Offer will expire at 12:00 midnight, New York City time, on July 3, 2014.
AMD has retained J.P. Morgan Securities LLC to act as the Dealer Manager for the tender offer and as Solicitation Agent for the consent solicitation. Questions regarding the tender offer may be directed to J.P. Morgan Securities LLC at (800) 245-8812 (toll-free) or (212) 270-1200 (collect). Requests for the Offer to Purchase and Consent Solicitation and other documents relating to the Tender Offer may be directed to MacKenzie Partners, Inc., the Information Agent and Depositary in connection with the Tender Offer, at (800) 322-2885 (toll-free) or (212) 929-5500 (collect).
The Consent Payment Deadline has been extended to 12:00 midnight, New York City time, on June 19, 2014 (the "New Consent Payment Deadline"). The Consent Payment Deadline for the Tender Offer was previously 12:00 midnight, New York City time, on June 13, 2014. As of that time, $135.3 million, or 48.5%, of the $278.9 million outstanding aggregate principal amount of the 8.125% Notes have been tendered and have consented, which is approximately $4.1 million principal amount fewer tendered 8.125% Notes than required to reduce the redemption notice period for the 8.125% Notes from 30 calendar days to 3 business days. The current redemption price is $1,040.63 per $1,000 aggregate principal amount of 8.125% Notes. Withdrawal rights for Holders expired at 12:00 midnight on June 13, 2014 and are not being extended.
Holders who validly tender their 8.125% Notes on or prior to the New Consent Payment Deadline will be entitled to the Consent Payment. Except for the extension of the Consent Payment Deadline to the New Consent Payment Deadline, all other terms and conditions of the Tender Offer and Consent Solicitation remain the same. The Tender Offer will expire at 12:00 midnight, New York City time, on July 3, 2014.
AMD has retained J.P. Morgan Securities LLC to act as the Dealer Manager for the tender offer and as Solicitation Agent for the consent solicitation. Questions regarding the tender offer may be directed to J.P. Morgan Securities LLC at (800) 245-8812 (toll-free) or (212) 270-1200 (collect). Requests for the Offer to Purchase and Consent Solicitation and other documents relating to the Tender Offer may be directed to MacKenzie Partners, Inc., the Information Agent and Depositary in connection with the Tender Offer, at (800) 322-2885 (toll-free) or (212) 929-5500 (collect).