AMD Announces Commencement of Exchange Offer for Its 6.75% Senior Notes Due
2019 and 7.00% Senior Notes Due 2024 for Registered Notes
SUNNYVALE, CA -- (Marketwired) -- 08/12/14 -- AMD (NYSE: AMD)
announced today that, in connection with its debt re-profiling
activities and its issuance in private placements of its 6.75% Senior
Notes due 2019 on February 20, 2014 and 7.00% Senior Notes due 2024
on June 16, 2014 (together, the "Private Notes"), AMD has commenced a
registered exchange offer to exchange all of its Private Notes for an
equal principal amount of new 6.75% Senior Notes due 2019 and 7.00%
Senior Notes due 2024, each of which have been registered under the
Securities Act of 1933, as amended (together, the "Registered
The sole purpose of the exchange offer is to fulfill AMD's
obligations with respect to the registration of the Private Notes.
Pursuant to registration rights agreements entered into by AMD in
connection with the sale of the Private Notes, AMD agreed to file a
registration statement with the Securities and Exchange Commission
relating to the exchange offer in which AMD would offer to exchange
any Private Notes tendered by the holders of those notes for
Registered Notes containing terms that are substantially identical to
the Private Notes.
Any Private Notes not tendered for exchange in the exchange offer
will remain outstanding and continue to accrue interest, but will not
retain any rights under the applicable registration rights agreement,
except in limited circumstances.
The terms of the exchange offer are contained in the exchange offer
prospectus dated August 12, 2014.
The exchange offer will expire at 5:00 p.m., New York City time, on
September 10, 2014, 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to the exchange offer may be withdrawn at any time prior to the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 exchange
Requests for assistance or for copies of the exchange offer
prospectus should be directed to Wells Fargo Bank, National
Association, the exchange agent, at 608 2nd Avenue South, 12th Floor,
MAC CODE: N9303-121, Minneapolis, Minnesota 55402, Attention:
Bondholder Communications, (800) 344-5128.
This news release shall not constitute an offer to sell or exchange
any securities or a solicitation of an offer to buy or exchange any
securities. The exchange offer will be made only by means of a
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This news release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933.
Forward-looking statements reflect current expectations and
projections about future events, and thus involve uncertainty and
risk. It is possible that future events, including whether the
exchange offer is completed on the terms specified or at all, may
differ from expectations due to a variety of risks and other factors
such as those described in the "Risk Factors" section of the exchange
offer prospectus and in AMD's Annual Report on Form 10-K for the
fiscal year ended December 28, 2013 and Quarterly Reports on Form
10-Q for the quarters ended March 29, 2014 and June 28, 2014, as
filed with the U.S. Securities and Exchange Commission. It is not
possible to foresee or identify all such factors. Any forward-looking
statements in this news release are based on certain assumptions and
analyses made in light of AMD's experience and perception of
historical trends, current conditions, expected future developments
and other factors it believes are appropriate in the circumstances.
Forward-looking statements are not a guarantee of future performance
and actual results or developments may differ materially from
expectations. AMD does not intend to update any particular
forward-looking statements contained in this news release.
AMD, the AMD Arrow logo, and combinations thereof, are trademarks of
Advanced Micro Devices, Inc. Other names are for informational
purposes only and may be trademarks of their respective owners.
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