AMD expects to use the net proceeds of the offering, together with available cash, to repay in full the outstanding balance of the term loan AMD entered into with Morgan Stanley Senior Funding, Inc. in October 2006. If the initial purchaser exercises its over-allotment option, AMD expects to use the additional net proceeds for general corporate purposes, including working capital and capital expenditures.
AMD needs $1.5 billion cash
Posted on Thursday, August 09 2007 @ 15:52 CEST by Thomas De Maesschalck