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AMD Announces Private Offering of $300 Million of Senior Notes

btarunr

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#1
Advanced Micro Devices, Inc. (NYSE: AMD) today announced that it intends to commence a private offering, subject to market and other conditions, of $300 million aggregate principal amount of senior notes due 2022. AMD intends to use the net proceeds for general corporate purposes and working capital, which may include the following: (i) the repayment or repurchase of some or all of its outstanding 5.75% Convertible Senior Notes due August 2012, (ii) repayment or repurchase of some or all of its outstanding 6.00% Convertible Senior Notes due 2015, (iii) cash payments to GLOBALFOUNDRIES related to the 28nm product limited waiver of exclusivity, or (iv) potential strategic transactions.

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#2
I got 5 bucks on it! Anyone else with me?
 

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#3
I got 5 bucks on it! Anyone else with me?
Which part of "private offering" do you not get? On top of that its rigged so that they pay as little tax as possible, something I approve.
 
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#4
Which part of "private offering" do you not get? On top of that its rigged so that they pay as little tax as possible, something I approve.
twas a joke........
 
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#5
Paying off debts by adding on more debts...AMD...if it doesn't work for governments around the world why the heck do you think it's gonna work for you? /facepalm
 

hat

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#6
Looks like they're hoping to dump some money into their company and use it to make better products, then pay it off later. Probably won't work, though.
 
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#7
Paying off debts by adding on more debts...AMD...if it doesn't work for governments around the world why the heck do you think it's gonna work for you? /facepalm
LOL- that is so true. Virtually every country is printing money as fast as it can; they are only digging a deeper hole while punishing its People with more burden.

Times like these aren't very prosperous, which doesn't provide a very supportive environment for AMD to make a strong comeback in processors.
 

Kreij

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#8
Looks like they're hoping to dump some money into their company and use it to make better products, then pay it off later. Probably won't work, though.
No, it looks like they are hoping to get lower interest debt to pay off higher interest debt.
This can work in their favor. It's like taking out a low interest home equity loan to pay off a high interest credit card.
In the end, though, you still have to make enough money to pay off the debt.
 
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#9
$300 million is almost what they bought Seamicro for $334 earlier this year. If I remember correctly they had to pay under $300 in cash and the rest in stock.

Maybe the accountants are doing their work. If they can lower debt why not.