AMD Announces Pricing of Senior Notes Offering
June 07 2022 - 5:23PM
Following the previous announcement of the launch of a senior notes
offering, AMD (NASDAQ: AMD) announced today that it has priced an
underwritten public offering (the “Offering”) of $1 billion
aggregate principal amount of senior notes, consisting of $500
million aggregate principal amount of its 3.924% Senior Notes due
2032 (the “2032 Notes”) and $500 million aggregate principal amount
of its 4.393% Senior Notes due 2052 (the “2052 Notes,” and together
with the 2032 Notes, the “Notes”).
The 2032 Notes will mature on June 1, 2032 and will bear
interest at a rate of 3.924% per annum, and the 2052 Notes will
mature on June 1, 2052 and will bear interest at a rate of 4.393%
per annum. The Notes will be senior unsecured obligations of the
Company.The Offering is expected to close on June 9, 2022, subject
to the satisfaction of customary closing conditions. The Company
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, Wells Fargo
Securities, LLC, Goldman Sachs & Co. LLC, Morgan Stanley &
Co. LLC, MUFG Securities Americas Inc., Citigroup Global Markets
Inc., BNY Mellon Capital Markets, LLC, Standard Chartered Bank,
Guzman & Company, Loop Capital Markets LLC and Stern Brothers
& Co are acting as joint book-running managers and underwriters
for the Offering.
The Offering is being 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”). The Offering is being made only by means
of a prospectus supplement and accompanying base prospectus. Copies
of the preliminary prospectus supplement and the accompanying base
prospectus, and, when available, the final prospectus supplement
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 are, and, when available, the
final prospectus supplement will be, also 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, the expected closing date of the Offering and
the Company’s intended use of proceeds from the Offering, 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. 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 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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