Brian - Time to start loading up on those AMD BONDS!
Heres the story.
Paul
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biz.yahoo.com
Wednesday May 6, 8:30 am Eastern Time
Company Press Release
AMD Commences $450 Million Public Offering of
Convertible Subordinated Notes
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 6, 1998--AMD announced today that it has commenced a public offering of $450 million of 6 percent convertible subordinated notes due 2005 convertible into the company's common stock.
The underwriters have an option to purchase up to an additional $67,500,000 of notes to cover over-allotments.
The offering will be pursuant to a prospectus supplement and the company's $1 billion shelf registration statement. The lead underwriters are Donaldson, Lufkin & Jenrette Securities
Corporation and Salomon Smith Barney. The net proceeds from the offering of the notes are expected to be used for capital expenditures, working capital and general corporate purposes.
Copies of the prospectus supplement relating to the notes may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Avenue, New York, New York 10172.
About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in
1969 and based in Sunnyvale, California, AMD had revenues of $2.4 billion in 1997.
(NYSE:AMD - news)
WORLD WIDE WEB: Press announcements and other information about AMD are
available on the Internet via the World Wide Web. Type amd.com at the URL
prompt.
Note to Editors: AMD, the AMD logo and combinations thereof are registered trademarks
of Advanced Micro Devices, Inc.
Contact:
AMD
Scott Allen (Public Relations), 408/749-3311
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Advanced Micro Devices Inc (NYSE:AMD - news)
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