AMD Offers 14,096,000 Shares of Common Stock
Sunnyvale, Calif. --
AMD (NYSE: AMD) today announced that it is offering 14,096,000 shares of its common stock at $35.20 per share. The offering is scheduled to close on Friday, January 27, 2006 and is subject to the satisfaction of customary closing conditions. AMD has granted the underwriter a 30-day option to purchase an additional 2,114,400 shares of common stock to cover overallotments, if any.
Merrill Lynch & Co. is the sole underwriter for this offering.
AMD intends to use approximately $226 million of the net proceeds from this offering to fund the redemption of up to 35% of the aggregate principal amount of its 7.75% Senior Notes due 2012 and the balance of the net proceeds for capital expenditures, working capital and other general corporate purposes, including the possible repayment of indebtedness.
The public offering of AMD’s common stock is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained,
when available, by contacting Merrill Lynch & Co. at 4 World Financial Center, New York, New York 10080, telephone (212) 449-1000. A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Advanced Micro Devices (NYSE: AMD) is a leading global provider of innovative microprocessor solutions for computing, communications and consumer electronics markets. Founded in 1969, AMD is dedicated to delivering superior computing solutions based on customer needs that empower users worldwide. For more information visit www.amd.com
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