Advanced Micro Devices, Inc. Announces Price to Be Paid for 11 Percent Senior Secured Notes Due 2003 Tendered in Tender Offer.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--July 31, 2000 Advanced Micro Devices, Inc. (NYSE NYSE See: New York Stock Exchange :AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) ("AMD") announced today that it has determined the price to be paid for its 11 percent Senior Secured Notes due 2003 (the "Notes") tendered pursuant to AMD's Offer to Purchase and Consent Solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with Statement dated July 6, 2000. The purchase price for each $1,000 principal amount of Notes validly tendered and not withdrawn prior to 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on August 2, 2000, will be $1,064.35. The purchase price will be in addition to accrued and unpaid interest to, but not including, the payment date, which AMD currently expects to be August 4, 2000. In conjunction with its tender offer, AMD is also soliciting consents from the registered holders of the Notes to effect certain amendments to the indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. under which the Notes were issued. In addition to the purchase price, holders who provided their consents to the proposed amendments and tendered their Notes by the Consent Payment Deadline, which was 5:00 p.m., New York City time, on July 19, 2000, will also receive a consent payment of $25.00 per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the tender offer in addition to the purchase price. A majority in aggregate principal amount of the outstanding Notes is required to adopt the proposed amendments to the indenture. As of the Consent Payment Deadline, AMD had obtained consents and tenders from registered holders of the Notes representing more than 85 percent of the $400,000,000 aggregate principal amount of the outstanding Notes. The tender offer and consent solicitation is currently scheduled to expire at 5:00 p.m., New York City time, on August 2, 2000, unless extended by AMD. Holders of Notes who have not already done so must properly tender their Notes and consent to the proposed amendments on or prior to 5:00 p.m., New York City time, on August 2, 2000, in order to be eligible to receive the purchase price. Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. is the dealer manager and solicitation agent and Georgeson Shareholder Communications Inc. is the information agent for the tender offer and the consent solicitation. Requests for documentation should be directed to the information agent at (800) 223-2064. Questions regarding the transaction should be directed to Salomon Smith Barney at (800) 558-3745. This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any Notes. The tender offer and consent solicitation are being made solely by the Offer to Purchase and Consent Solicitation Statement. About AMD AMD is a global supplier of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for the personal and networked computer and communications markets with manufacturing facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Japan, and Asia. AMD produces microprocessors, flash memory devices, and support circuitry for communications and networking applications. Founded in 1969 and based in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. , AMD had revenues of $2.9 billion in 1999. (NYSE:AMD). WORLD WIDE WEB: Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type http://www.amd.com at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. prompt. NOTE TO EDITOR: Readers may obtain additional information by calling 1-800-222-9323 or 408-749-3060. Technical Support Email: hw.support@amd.com AMD, the AMD logo, and combinations thereof are trademarks of Advanced Micro Devices, Inc. in the United States and other jurisdictions. |
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