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Advanced Micro Devices to start roadshow Friday for $600 million eight-year notes
By Paul A. Harris
St. Louis, Oct. 13 - Advanced Micro Devices Inc. will begin a roadshow Friday for a $600 million offering of eight-year senior notes, according to a syndicate source.
The notes are non-callable for four years.
Citigroup will run the books for the Rule 144A/Regulation S offering. Credit Suisse First Boston, Merrill Lynch & Co. and Morgan Stanley are the co-managers.
Proceeds together with existing cash will be used to prepay the existing term loan of the company's indirect wholly owned German subsidiary, AMD Saxony LLC & Co. KG.
Advanced Micro Devices is a Sunnyvale, Calif.-based microchip maker.
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