Advanced Micro Devices, Inc. Announces Tender Offer.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--July 6, 2000 Advanced Micro Devices, Inc. ("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. ") today announced that it is commencing a cash tender offer for the outstanding $400,000,000 aggregate principal amount of its 11% Senior Secured Notes due 2003 (the "Notes"). The purchase price for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be an amount based on a 50 basis point spread over the yield of the 5.500% U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Note due July 31, 2001 as of 2:00 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 the second business day immediately preceding the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the tender offer, plus accrued and unpaid interest to but not including the date of payment, less a consent payment of $25.00. The tender offer is scheduled to expire at 5:00 p.m., New York City time, on August 2, 2000, unless extended. 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 under which the Notes were issued. Holders who provide consents to the proposed amendments would receive a consent payment of $25.00 per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the tender offer. To receive a consent payment, holders must provide their consents to the proposed amendments by the Consent Payment Deadline, which is 5:00 p.m., New York City time, on July 19, 2000, unless extended. 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 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 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 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, 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, AMD had revenues of $2.9 billion in 1999. (NYSE NYSE See: New York Stock Exchange : AMD). Note to Editors: 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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