Loan & DebtMay 15, 2026, 04:27 PM
Advanced Micro Devices Secures $5.0B Credit Facility, Expands CP to $5.5B
AI Summary
Advanced Micro Devices, Inc. has secured a new five-year, $5.0 billion unsecured revolving credit facility, replacing its previous agreement. This new facility, along with an increase in its unsecured commercial paper program from $3.0 billion to $5.5 billion, provides the company with enhanced financial flexibility. Both the revolving facility and the commercial paper program are designated for general corporate purposes.
Key Highlights
- Advanced Micro Devices entered into a new five-year, $5.0 billion unsecured revolving credit facility.
- The new facility replaces the company's existing credit agreement dated April 29, 2022.
- Up to $250 million of the revolving facility may be utilized for the issuance of letters of credit.
- As of the closing date, there are no borrowings outstanding under the new revolving facility.
- The maximum aggregate amount of unsecured commercial paper notes increased to $5.5 billion from $3.0 billion.
- Proceeds from both facilities are intended for general corporate purposes.
- Commercial paper notes maturities will vary but may not exceed 397 days from issue date.
Price Impact
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