Advanced Micro Devices, Inc. AMD has entered into an underwriting agreement for a public offering of $1.5 billion in senior notes. The offering includes $875 million of 4.212% Senior Notes due 2026 and $625 million of 4.319% Senior Notes due 2028. These notes are senior unsecured obligations of the company.
The underwriting agreement involves major financial institutions such as J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., and Wells Fargo Securities, LLC. The offering is expected to close on March 24, 2025, subject to customary closing conditions.
AMD plans to use the net proceeds from this offering to fund a portion of its acquisition of ZT Group Int’l, Inc. (ZT Systems). Should the acquisition not proceed, the funds will be allocated for general corporate purposes.
This offering has been registered under the Securities Act, with the relevant documentation filed with the Securities and Exchange Commission. The company has also agreed to indemnify the underwriters against certain liabilities under the Securities Act.
Investors are advised to consider the risks and uncertainties detailed in AMD's Prospectus Supplement and other filings, which could cause actual results to differ from current expectations.
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