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Wednesday, 18 November 2009 16:05 |
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 AMDs 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 Companys recently announced settlement agreement with Intel.
Source : http://feeds.amd.com/~r/amdpressreleases/~3/SB19uLHbmVw/
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