Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.14

-0.8%

Jan 9 9:30 AM EST

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To: Mani1 who started this subject	1/23/2002 7:28:35 PM
From: niceguy767	Read Replies (1) of 275872

Convertible Bonds Announcement:http://biz.yahoo.com/rf/020123/n23274564_1.html NEW YORK, Jan 23 (Reuters) - Advanced Micro Devices Inc. said late Wednesday it plans to privately sell $500 million of senior debt convertible into company stock. ....... The sale of AMD's 20-year bonds is expected Wednesday night, with pricing terms to be announced on Thursday... AMD intends to use proceeds for capital expenses, working capital and general corporate purposes. AMD said it may sell another $100 million of debt if there is enough demand. AMD's bonds are expected to carry a 4.25 to 4.75 percent coupon, and be convertible into AMD shares at a 40 percent to 45 percent premium over the shares' Wednesday closing price on the New York Stock Exchange of $16.70. .... Credit Suisse First Boston and Salomon Smith Barney are arranging AMD's sale, market sources said. AMD's bonds are not callable for three years, the sources said. Private sale, not callable for 3 years and proceeds for CE, WC and GCP...Wonder who "private" is??? A sweetheart deal???

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