SUNNYVALE, CALIFORNIA -- November 26, 2002 -- AMD announced today the closing of its public offering of $402.5 million aggregate principal amount of 4.50% convertible senior notes due 2007 convertible into the company’s common stock, which included the exercise in full of the underwriters’ over-allotment option. The notes are convertible into the company’s common stock at an initial conversion price of $7.37 per share.
The offering was pursuant to a prospectus supplement dated November 19, 2002 and the company’s $2 billion shelf registration statement. The lead underwriters were Banc of America Securities LLC and Salomon Smith Barney. Merrill Lynch & Co. participated as co-manager. The company intends to use the net proceeds from the offering of the notes for general corporate purposes, including capital expenditures and working capital.
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About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets with manufacturing facilities in the United States, Europe, Japan, and Asia. AMD, a Fortune 500 and Standard & Poor’s 500 company, 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 $3.9 billion in 2001. (NYSE: AMD). For more AMD news and product information, please visit our virtual pressroom at www.amd.com/news/virtualpress/index.html
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