AMD has officially launched a four-part senior unsecured debt offering aimed at raising between $4 billion and $5 billion. The transaction, led by Bank of America, JPMorgan, Barclays, and Wells Fargo, is expected to reach a final settlement on August 17.
The proposed notes feature maturities in 2029, 2031, 2033, and 2036. Initial price discussions place these tranches at 70, 90, 100, and 115 basis points above US Treasuries. AMD intends to use the proceeds for general corporate purposes and debt repayment.
This capital injection supports a product roadmap featuring Instinct accelerators and EPYC processors while maintaining an investment-grade profile. AMD remains reliant on external partners like TSMC for the manufacturing and packaging of these components.