Summary
Advanced Micro Devices, Inc. (AMD) announced on November 25, 2002, the successful completion of an underwritten offering of $402.5 million in aggregate principal amount of 4.50% Convertible Senior Notes due 2007. This filing details the terms and agreements related to this significant financing event, including the underwriting agreement and the indenture with The Bank of New York as trustee. The issuance of these convertible senior notes represents a key strategic move by AMD to bolster its financial position and potentially fund future growth initiatives. Investors should note the 4.50% coupon rate, indicating the cost of this debt, and the convertible feature, which offers the possibility of equity upside if the company's stock price appreciates significantly. The details of the offering are supported by a registration statement and prospectus previously filed with the SEC.
Key Highlights
- 1AMD completed an offering of $402.5 million in 4.50% Convertible Senior Notes due 2007.
- 2The notes were offered under a Registration Statement on Form S-3, filed on September 7, 2000, and amended.
- 3The offering was underwritten by Banc of America Securities LLC, Salomon Smith Barney Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
- 4The Indenture governing the notes was entered into with The Bank of New York as trustee.
- 5This filing includes the Underwriting Agreement, the Indenture, an Officers' Certificate, and a form of the Convertible Senior Note as exhibits.
- 6The event date for this report is November 25, 2002, with the filing date being November 25, 2002.
- 7The issuance aims to strengthen AMD's financial resources.