Advanced Micro Devices, Inc. Announces Tender Offer
SUNNYVALE, CA --
Advanced Micro Devices, Inc. (AMD) today announced that it is commencing a cash tender offer for the outstanding $400,000,000 aggregate principal amount of its 11% Senior Secured Notes due 2003 (the Notes). The purchase price for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be an amount based on a 50 basis point spread over the yield of the 5.500% U.S. Treasury Note due July 31, 2001 as of 2:00 p.m., New York City time, on the second business day immediately preceding the expiration date of the tender offer, plus accrued and unpaid interest to but not including the date of payment, less a consent payment of $25.00. The tender offer is scheduled to expire at 5:00 p.m., New York City time, on August 2, 2000, unless extended.
In conjunction with its tender offer, AMD is also soliciting consents from the registered holders of the Notes to effect certain amendments to the indenture under which the Notes were issued. Holders who provide consents to the proposed amendments would receive a consent payment of $25.00 per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the tender offer. To receive a consent payment, holders must provide their consents to the proposed amendments by the Consent Payment Deadline, which is 5:00 p.m., New York City time, on July 19, 2000, unless extended.
Salomon Smith Barney is the dealer manager and solicitation agent and Georgeson Shareholder Communications Inc. is the information agent for the tender offer and the solicitation. Requests for documentation should be directed to the information agent at 800-223-2064. Questions regarding the transaction should be directed to Salomon Smith Barney at 800-558-3745.
This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any Notes. The tender offer and consent solicitation are being made solely by the Offer to Purchase and Consent Solicitation Statement.