AMD looks to raise $4 billion to $5 billion in debt offering, source says
Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion and $5 billion, according to a source and terms reviewed by Reuters, as the chipmaker seeks funding flexibility amid a broader wave of tech-sector fundraising driven by investments in AI.
The offering includes senior unsecured notes due in 2029, 2031, 2033 and 2036.
Initial price discussions were set at about 70 basis points over U.S. Treasuries for the 3-year notes, 90 basis points for the 5-year tranche, 100 basis points for the 7-year notes and 115 basis points for the 10-year debt.
