AMD asks for 1.5 billion

@ 2007/08/09
Back in July we implied that AMD will have to ask for additional financing. It indeed happened less than a month after we expected it but indeed AMD will issue 1.5 billion notes plus some cash to cover the debt to Morgan Stanley Senior Financing. This means that by the end of the quarter AMD will be under 800 million in cash and will need to seek funding or in worst case scenario the company will fine a buyer who will cover the debt.

Comment from Kougar @ 2007/08/09
Was that "Fine", or find a buyer
Comment from Sidney @ 2007/08/09
It was 2.2 B last time, with another 1.5 making a total of 3.7B.

 

reply