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AMD Announces Redemption of 7.75% Senior Notes Due 2012

Posted: Wed Nov 18, 2009 9:57 am
by Digital Puppy
AMD Announces Redemption of 7.75% Senior Notes Due 2012
SUNNYVALE, Calif. --(Business Wire)-- Nov 18, 2009 AMD (NYSE: AMD) today announced that it will redeem all outstanding principal amount of its 7.75% Senior Notes due 2012 (the “Notes”) on December 18, 2009. The notice of redemption will be mailed to the holders of the Notes on November 18, 2009.

Questions regarding the redemption should be directed to Wells Fargo Bank, National Association, the trustee under the indenture governing the Notes, at Wells Fargo Bank, National Association, Corporate Trust Services, 707 Wilshire Boulevard, 17th Floor, Los Angeles, CA 90017.

About AMD

Advanced Micro Devices (NYSE: AMD) is an innovative technology company dedicated to collaborating with customers and technology partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com.

Re: AMD Announces Redemption of 7.75% Senior Notes Due 2012

Posted: Thu Nov 19, 2009 11:21 am
by justjoel73
Their cash position seems to be much improved with the $1.25B Intel settlement. Reducing debt at this time is a great idea and their graphics devision is going to have a fantastic quarter beating up on NV. AMD is a buy stock right now.