AMD Announces 7.75 Percent Senior Notes Exchange Offer
SUNNYVALE, CA --
Advanced Micro Devices, Inc. (NYSE: AMD) today announced it has commenced a registered exchange offer to exchange up to $600 million aggregate principal amount of its 7.75 percent Senior Notes due 2012, which have been registered under the Securities Act of 1933, as amended, for all outstanding 7.75 percent Senior Notes due 2012 which were issued and sold by AMD on October 29, 2004 in a private placement offering. The sole purpose of this exchange offer is to fulfill AMD’s obligations with respect to the registration of the notes issued in the private placement.
Pursuant to a registration rights agreement entered into by AMD in connection with the notes issued in the private placement, AMD agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the registered notes, containing substantially identical terms to the notes issued in the private placement, would be offered in exchange for notes issued in the private placement that are tendered by the holders of those notes.
Any private notes not tendered for exchange in this offer will remain outstanding and continue to accrue interest, but the holders will not retain any rights under the registration rights agreement except in limited circumstances. Terms of the exchange offer are contained in the exchange offer prospectus and letter of transmittal.
The exchange offer will expire at 5:00 p.m., New York City time, on April 22, 2005, unless extended. Private notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the letter of transmittal.
Requests for assistance or for copies of the exchange offer prospectus and the letter of transmittal should be directed to Wells Fargo Bank, National Association, the exchange agent, at 213-614-3349.
This announcement is not an offer to sell any securities or a solicitation of any offer to buy any securities. The exchange offer will be made only by means of a written prospectus.
AMD (NYSE:AMD) designs and produces innovative microprocessors, Flash memory devices and low-power processor solutions for the computer, communications and consumer electronics industries. AMD is dedicated to delivering standards-based, customer-focused solutions for technology users, ranging from enterprises and governments to individual consumers. For more information visit www.amd.com