Advanced Micro Devices, Inc. (AMD, Financial) has successfully completed the acquisition of ZT Group Int’l, Inc., a New Jersey-based corporation, as announced on March 31, 2025. This strategic acquisition was finalized through a Stock Purchase Agreement, where AMD acquired all shares of ZT from the selling stockholders.
As part of the acquisition, AMD issued 8,335,849 shares of its common stock to the sellers and company warrant holders, alongside a cash payment of $3.375 billion, subject to certain purchase price adjustments. Additionally, the sellers and warrant holders may receive up to 740,961 additional shares of AMD stock and $300 million in cash, contingent upon meeting specific conditions post-acquisition.
ZT Group Int’l is involved in a credit agreement with Wells Fargo Capital Finance, LLC, providing an asset-based revolving credit facility up to $641.67 million, maturing on December 31, 2026. AMD has provided an unsecured parent guarantee for ZT’s obligations under this agreement.
Furthermore, ZT is engaged in a master receivables purchase agreement with PNC Bank, offering an uncommitted receivables purchase facility with a limit of $850 million. This agreement remains active following the acquisition.
The acquisition of ZT Group Int’l is expected to enhance AMD’s capabilities and expand its market presence, aligning with its strategic growth objectives. The financial details and implications of this acquisition will be further detailed in AMD's upcoming financial statements and reports.
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