Eh..........huh?

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HONkUS
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Eh..........huh?

Post by HONkUS » Mon Apr 23, 2007 4:30 pm

AMD today announced its intention to offer, subject to market and other conditions, $1.8 billion aggregate principal amount of Convertible Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Under certain circumstances, the notes are convertible into cash up to the principal amount and into shares of AMD's common stock with respect to any conversion value above the principal amount. The interest rate, conversion price and other terms of the notes will be determined by negotiations between AMD and the initial purchasers of the notes. AMD expects to grant to the initial purchasers a 30-day option to purchase up to $400 million aggregate principal amount of additional notes to cover over allotments.
Can someone tell me WTF this means?

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Re: Eh..........huh?

Post by Zertz » Mon Apr 23, 2007 4:45 pm

HONkUS wrote:
AMD today announced its intention to offer, subject to market and other conditions, $1.8 billion aggregate principal amount of Convertible Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Under certain circumstances, the notes are convertible into cash up to the principal amount and into shares of AMD's common stock with respect to any conversion value above the principal amount. The interest rate, conversion price and other terms of the notes will be determined by negotiations between AMD and the initial purchasers of the notes. AMD expects to grant to the initial purchasers a 30-day option to purchase up to $400 million aggregate principal amount of additional notes to cover over allotments.
Can someone tell me WTF this means?
Does that mean AMD is for sale?

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Post by skier » Mon Apr 23, 2007 4:49 pm

sounds like AMD is offering more shares of stock for sale to priviliged buyers(which will increase funds), but i may be wrong
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Post by Nandro » Mon Apr 23, 2007 5:04 pm

AMD had already announced it was going to do private stock sales and sell off it's old 90nm equipment to raise operating funds during their transition. I don't think they want to go through the channels to make a public offering unless this doesn't work out.

http://stockmarketbeat.com/blog1/2007/0 ... e-pick-me/
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Re: Eh..........huh?

Post by slugbug » Mon Apr 23, 2007 6:23 pm

HONkUS wrote:
AMD today announced its intention to offer, subject to market and other conditions, $1.8 billion aggregate principal amount of Convertible Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Under certain circumstances, the notes are convertible into cash up to the principal amount and into shares of AMD's common stock with respect to any conversion value above the principal amount. The interest rate, conversion price and other terms of the notes will be determined by negotiations between AMD and the initial purchasers of the notes. AMD expects to grant to the initial purchasers a 30-day option to purchase up to $400 million aggregate principal amount of additional notes to cover over allotments.
Can someone tell me WTF this means?
Sounds pretty self explanatory to me :roll:

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Post by Gamble » Mon Apr 23, 2007 8:47 pm

Stock/bond sale I believe. Rates of return are subject the terms when they sell the notes off. They want money.

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Post by Nandro » Mon Apr 23, 2007 9:39 pm

I believe they said their bare minimum operating expenses for the year would be $600 million, but would like 1.2 billion. I guess that's quite a margin of error to work with huh?
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Post by bigblockmatt » Tue Apr 24, 2007 4:34 pm

AMD wants to raise some money - $1.8 billion. AMD is offering debt (Notes) to private people they see fit.. that debt can be later on converted/ traded (convertible) into stock.

Simplistically, AMD is taking a loan. where they are getting the money form is private places they like or offer the debt to.
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Post by Nandro » Tue Apr 24, 2007 4:40 pm

thats for now, but beggars cant be choosers right?
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