Advanced Micro Devices Inc. (NYSE: AMD) on Thursday said its offer to buy back certain senior debt due 2012 has closed, according to Associated Press.
The chip maker said $1.35 billion worth of convertible senior notes carrying an interest rate of 5.75 percent were turned in by debt holders.
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Advanced Micro said it's buying back $1.01 billion of the notes tendered, including interest. The company offered to pay $990 for each $1,000 of notes, plus interest.
After Advanced Micro's tender offer, about $485 million worth of the 2012 notes are left.
J.P. Morgan Securities Inc. (NYSE: JPM) and Citadel Securities LLC were the dealer managers of the offer.
Shares of Advanced Micro, based in Sunnyvale, Calif., fell 4 cents to $9.11 in afternoon trading.
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