AMD Announces Early Results of Cash Tender Offers and Consent - Seite 2

The amount of each series of Notes that is to be purchased on the Early Settlement Date will be determined in accordance with the acceptance priority levels and the proration procedures described in the Offer to Purchase and Consent Solicitation Statement, subject to any applicable Tender Caps. Notes tendered in the tender offers that have not been accepted for purchase due to proration will be returned promptly to the tendering holders. Payments for Notes purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the relevant series of Notes up to, but not including, the Early Settlement Date.

AMD also announced that it has decreased the aggregate maximum tender amount from $1,035 million to $848 million, such that AMD is now only offering to purchase Notes in the tender offers for up to $848 million aggregate total consideration. AMD further announced that it has increased the Tender Cap in connection with its tender offer for its 7.50% Notes from $25 million aggregate principal amount to $125 million aggregate principal amount.

Concurrent with the tender offers, AMD is also soliciting consent from the holders of its 7.75% Notes for proposed amendments (the "Proposed Amendments") to the terms of the 7.75% Notes to reduce the minimum notice period required in connection with redemption of the 7.75% Notes from 30 days to 3 business days. As of the Early Tender Date, holders of $241,954,000 aggregate principal amount of 7.75% Notes, representing 53.77% of the outstanding 7.75% Notes, had validly tendered their 7.75% Notes (the "Tendered 7.75% Notes") and had submitted related consents. As a result, the number of consents required to approve the Proposed Amendments were received. After giving effect to the purchase of the Tendered 7.75% Notes, $208,046,000 aggregate principal amount of 7.75% Notes remain outstanding as of Sept. 23, 2016. AMD plans to notify holders of its 7.75% Notes on Sept. 23, 2016 that it intends to redeem all 7.75% Notes that remain outstanding after the Early Settlement Date, with such redemption expected to occur on Sept. 28, 2016.