Tomahawk, WI 06/25/2014 (Basicsmedia) – Advanced Micro Devices, Inc. (NYSE:AMD) has been hurt by the latest investor-sentiments! Lately, the think-tank made an announcement for an Initial Tender Offer offering settlement of 8.125% senior notes within 2017, redeeming the remaining outstanding 8.125% notes.
The Tender Offer
The AMD Tender offer is deemed to end on July 3, 2014, provided that the authorities of Advanced Micro Devices, Inc. (NYSE:AMD) doesn’t consider it deemed fit to extend or terminate the same. The authorities also corroborated certain significant amendments – ones who redeem the 8.125% senior notes shall be paid out $1045.88 for every principal that stands at $1K, purchased pursuant to this tender offer. The notice period has been dropped down from 30 days to a mere 3 days.
AMD authorities conjectured that post-redemption notice of these senior notes, the company shall provide with options to duly redeem them on June 25, 2014. The CFO and Senior VP at AMD Devinder Kumar stated that the company would strive to execute strategic plans in milieus congenial for financial growth in the company’s perspective, panned out across a diversified target-market. He further retorted that the current financial standing that the company has taken would not only ameliorate AMD’s debt profile and bolster its financial operations foundation, but also shall transform the company for the better.
Hopes And Aspirations
AMD expects to draw $50 million in Q2-2014 from the prior-announcement of tender offerings for 7.00% senior notes until 2024 and this lately announced redemption of its 8.125% senior notes. With anticipated expenses fluttering around $46 million in Q3-2014, Advanced Micro Devices, Inc. (NYSE:AMD) hopes that the tender offers shall help manage the expenses and curtail its outstanding debt deficit sufficiently. Further, AMD’s customary debt profiling activities throughout FY 2014 is deemed to decline its net expenses approximately to $42 million Q3 onward.
AMD W8100 Graphics Card Launched
On June 23, AMD launched its W8100 Professional Graphics-Card, that warrants better workstation performances, bettering the performance of AMD Graphics-Core-Gen architecture by nearly 38 times (based on double precision) than that of the closest competitor available in the market. If the quarterly performances meet Advanced Micro Devices, Inc. (NYSE:AMD)’s anticipation and standards, certainly, there is going to be an influx in investments over the next few months.