What is the primary purpose of this $4.75 billion senior note offering?

The primary purpose of this offering is to provide AMD with capital for general corporate purposes, which may include the repayment of existing debt. This action is expected to enhance the company's financial flexibility.

What are the different types of senior notes issued and their respective interest rates?

AMD issued four series of senior notes: 4.600% Senior Notes due 2029 ($1.25 billion), 5.000% Senior Notes due 2031 ($1.50 billion), 5.250% Senior Notes due 2033 ($1.00 billion), and 5.500% Senior Notes due 2036 ($1.00 billion).

Are there any specific covenants or restrictions associated with these notes?

Yes, the Indenture governing these notes includes covenants that limit AMD and its restricted subsidiaries' ability to, among other things, create liens on certain assets, enter into specific sale and leaseback transactions, and consolidate, merge, or sell substantially all of the company's assets. However, these covenants have limitations and exceptions.

What happens in the event of a Change of Control Triggering Event?

In the event of a Change of Control Triggering Event, and unless AMD has given notice to redeem the notes, each holder of the affected notes will have the right to require AMD to purchase their notes for cash at 101% of the principal amount, plus any accrued and unpaid interest.

AMD 8-K: Material Agreements & Financial Events

01—Abstract

Summary

Summary of the 8-K filed August 17, 2026. Cited figures are marked; the original filing is the authoritative source.

Advanced Micro Devices, Inc. (AMD) announced the successful closing of a public offering of $4.75 billion^a in senior notes on August 17, 2026.

This offering comprises four tranches with varying maturity dates and interest rates: $1.25 billion^b in 4.600% Senior Notes due 2029, $1.50 billion in 5.000% Senior Notes due 2031, $1.00 billion in 5.250% Senior Notes due 2033, and $1.00 billion in 5.500% Senior Notes due 2036. The net proceeds from this offering are designated for general corporate purposes, which may include debt repayment, providing AMD with significant financial flexibility.

02—Key points

Key Highlights

AMD successfully raised $4.75 billion through the issuance of senior notes.
The offering includes multiple tranches maturing between 2029 and 2036, with interest rates ranging from 4.600% to 5.500%.
Proceeds are intended for general corporate purposes, potentially including debt reduction, enhancing financial flexibility.
The notes are unsecured senior obligations of the company.
The company has outlined provisions for optional redemption of the notes, with varying terms based on maturity.
A Change of Control Triggering Event could obligate AMD to repurchase notes at 101% of the principal amount plus accrued interest.

03—Questions

Frequently Asked Questions

What is the primary purpose of this $4.75 billion senior note offering?
The primary purpose of this offering is to provide AMD with capital for general corporate purposes, which may include the repayment of existing debt. This action is expected to enhance the company's financial flexibility.
What are the different types of senior notes issued and their respective interest rates?
AMD issued four series of senior notes: 4.600% Senior Notes due 2029 ($1.25 billion), 5.000% Senior Notes due 2031 ($1.50 billion), 5.250% Senior Notes due 2033 ($1.00 billion), and 5.500% Senior Notes due 2036 ($1.00 billion).
Are there any specific covenants or restrictions associated with these notes?
Yes, the Indenture governing these notes includes covenants that limit AMD and its restricted subsidiaries' ability to, among other things, create liens on certain assets, enter into specific sale and leaseback transactions, and consolidate, merge, or sell substantially all of the company's assets. However, these covenants have limitations and exceptions.
What happens in the event of a Change of Control Triggering Event?
In the event of a Change of Control Triggering Event, and unless AMD has given notice to redeem the notes, each holder of the affected notes will have the right to require AMD to purchase their notes for cash at 101% of the principal amount, plus any accrued and unpaid interest.

04—Continue

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