The chipmaker plans a four-part bond offering with spreads ranging from 70 to 115 basis points over Treasuries for general corporate use.
Advanced Micro Devices launched a debt offering targeting $4 billion to $5 billion to support general corporate purposes, including potential debt repayment. The sale includes senior unsecured notes maturing in 2029, 2031, 2033, and 2036, with initial pricing spreads of 70 to 115 basis points over U.S. Treasuries.
The company filed with the SEC but did not disclose specific terms. Proceeds may also be used to refinance existing debt. Bank of America, JPMorgan, Barclays, and Wells Fargo are leading the transaction, with settlement expected on August 17.
AMD’s move follows recent debt market activity among semiconductor firms seeking capital for expansion and operational needs. The offering reflects ongoing demand for corporate bonds amid stable interest rate expectations.