SUNNYVALE, CA -- May 8, 1998 --AMD announced today the closing of its public offering of $517.5 million of 6 percent convertible subordinated notes due 2005 convertible into the company's common stock, which included the full $67.5 million of the underwriters' over-allotment option.
The offering was pursuant to a prospectus supplement dated May 5, 1998 and the company's $1 billion shelf registration statement. The lead underwriters were Donaldson, Lufkin & Jenrette Securities Corporation and Salomon Smith Barney. The net proceeds from the offering of the notes are expected to be used for capital expenditures, working capital and general corporate purposes.
About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.4 billion in 1997. (NYSE: AMD)
