Wednesday, November 20, 2002
Advanced Micro Devices Inc. announced that it is filing today a prospectus supplement with the Securities and Exchange Commission with respect to the company's planned public offering of $300 million of convertible senior notes, which will be convertible into the company's common stock.
The company said it expects that the underwriters will also have a 30-day option to purchase up to an additional $45 million of convertible senior notes to cover over-allotments.
The company said it expects to use the net proceeds from the offering of the notes for general corporate purposes, including capital expenditures and working capital.
The offering will be made pursuant to a prospectus supplement under the company's existing $2 billion shelf registration statement. Banc of America Securities LLC and Salomon Smith Barney are the joint book-running managers and Merrill Lynch & Co. is the co-manager for the offering.
By: DocMemory
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