AMD prices $4.75B senior notes offering across four tranches with rates from 4.600% to 5.500%

Filed August 14, 2026 · ~1 min read

Key Changes

• high

  AMD is issuing $4.75 billion in senior notes across four tranches: $1.25B at 4.600% due 2029, $1.5B at 5.000% due 2031, $1.0B at 5.250% due 2033, and $1.0B at 5.500% due 2036. Net proceeds to the company are $4.7 billion after underwriting discounts and expenses.

  The Offering verify on EDGAR →
• high

  The notes are structurally subordinated to $12.65 billion of subsidiary liabilities ($750 million debt plus $11.9 billion other liabilities). None of AMD's subsidiaries guarantee these notes, meaning noteholders rank behind subsidiary creditors in bankruptcy.

  Risk Factors verify on EDGAR →
• medium

  AMD will use the $4.7 billion in net proceeds for general corporate purposes, which may include debt repayment. After this offering, AMD's total consolidated debt will be $8.0 billion.

  Use of Proceeds verify on EDGAR →