AMD looks to raise $4 billion to $5 billion in debt offering, source says

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AdvertisementAdvertisementBusinessFILE PHOTO: AMD logo is seen in this illustration created on June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo14 Aug 2026 12:00AM (Updated: 14 Aug 2026 12:09AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Aug 13 : Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion and $5 billion, according to terms reviewed by Reuters, as the chipmaker looks to fund general corporate purposes and potentially repay existing debt.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.AMD did not immediately respond to Reuters' request for comment.Show MoreShow LessAMD also filed with the U.S. Securities and Exchange Commission earlier on Thursday in connection with the offering, though the filing did not disclose specific terms of the deal.The company said it intends to use the proceeds for general corporate purposes, which may include repaying debt.Bank of America, JPMorgan, Barclays and Wells Fargo are leading the debt sale, according to the term sheet. The bonds are expected to settle on August 17.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST