AMD buys $1 billion 5.75% convertible notes due 2012 in tender offer

By Devika Patel

Knoxville, Tenn., Dec. 17 - Advanced Micro Devices, Inc. said holders tendered $1.35 billion of the company's 5.75% convertible senior notes due 2012 as part of a cash tender offer for up to $1 billion of the notes. The company purchased $1 billion of the convertibles and will pay $1.01 billion, including interest, for this tender.

The notes were bought back at $990 per $1,000 principal amount, plus interest.

After this, approximately $485 million of the notes remains outstanding.

J.P. Morgan Securities Inc. (800 261-5767) and Citadel Securities LLC (877 660-1735) were the dealer managers for the tender offer.

AMD is a Sunnyvale, Calif.-based maker of computer processor chips.

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