AMD Announces Senior Notes Offering
June 07 2022 - 9:05AM
AMD (NASDAQ: AMD) announced today that it intends to offer, subject
to market and other conditions, senior notes (the “Notes”) in an
underwritten public offering (the “Offering”). The Notes will be
senior unsecured obligations of the Company. AMD intends to use the
net proceeds from this offering for general corporate purposes.
Barclays Capital Inc., BofA Securities, Inc.,
Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and
Wells Fargo Securities, LLC are acting as joint book-running
managers and underwriters for the Offering. The Offering will be
made pursuant to an automatically effective shelf registration
statement filed with the U.S. Securities and Exchange Commission
(the “SEC”) on June 6, 2022 (the “Registration Statement”). Copies
of the preliminary prospectus supplement and the accompanying base
prospectus for the Offering may be obtained by contacting Barclays
Capital Inc. at 1-888-603-5847 (toll free), BofA Securities, Inc.
at 1-800-294-1322 (toll free), Credit Suisse Securities (USA) LLC
at 1-800-221-1037 (toll free), J.P. Morgan Securities LLC at
1-212-834-4533 and Wells Fargo Securities, LLC at +1-800-645-3751
(toll free). Copies of the preliminary prospectus supplement and
the accompanying base prospectus will also be available on the
SEC’s website at http://www.sec.gov.This press release does not
constitute an offer to sell or the solicitation of an offer to buy
the Notes or any other securities, nor will there be any offer,
solicitation or sale of the Notes or any other securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
About AMDFor more than 50 years AMD has driven
innovation in high-performance computing, graphics and
visualization technologies. Billions of people, leading Fortune 500
businesses and cutting-edge scientific research institutions around
the world rely on AMD technology daily to improve how they live,
work and play. AMD employees are focused on building leadership
high-performance and adaptive products that push the boundaries of
what is possible.
Cautionary Statement Regarding Forward
Looking StatementsThis press release contains
forward-looking statements, including statements regarding the
potential Offering and the Company’s use of proceeds, which are
made pursuant to the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are commonly identified by words such as “will be,”
“may,” “expects,” “believes,” “plans” and “intends” and other terms
with similar meaning. In particular, there can be no assurance that
the Company will complete the Offering of the Notes on the terms
described above, or at all. You are cautioned that the
forward-looking statements in this press release are based on
current beliefs, assumptions and expectations, speak only as of the
date of this press release and involve risks and uncertainties that
could cause actual results to differ materially from current
expectations. Such statements are subject to certain known and
unknown risks and uncertainties, many of which are difficult to
predict and generally beyond the Company’s control, that could
cause actual results and other future events to differ materially
from those expressed in, or implied or projected by, the
forward-looking information and statements. Material factors that
could cause actual results to differ materially from current
expectations include, without limitation, market conditions, the
demand for the Company’s securities and the risk factors detailed
in the preliminary prospectus supplement and the accompanying base
prospectus for the Offering, which are both a part of the
Registration Statement, the Company’s Quarterly Report on Form 10-Q
for the quarter ended March 26, 2022 and those risk factors set
forth from time to time in the Company’s other filings with the
SEC. For the reasons discussed above, you should not place undue
reliance on the forward-looking statements in this press release.
The Company undertakes no obligation to update the forward-looking
statements set forth in this press release, whether as a result of
new information, future events or otherwise, unless required by
applicable securities laws.
AMD, the AMD Arrow logo, EPYC, Instinct and
combinations thereof, are trademarks of Advanced Micro Devices,
Inc. Other names are for informational purposes only and may be
trademarks of their respective owners.
Contact:Drew
Prairie AMD Communications(512)
602-4425drew.prairie@amd.com
Suresh BhaskaranAMD Investor
Relations(408) 749-2845suresh.bhaskaran@amd.com
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