AMD 1999 Annual Report Download - page 126

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the State of Saxony and a consortium of banks are supporting the project. We
currently estimate that construction and facilitization costs of Dresden Fab 30
will be $1.9 billion (denominated in deutsche marks) when the facility is fully
equipped. In March 1997, AMD Saxony entered into a loan agreement and other
related agreements (the Dresden Loan Agreements) with a consortium of banks led
by Dresdner Bank AG. The Dresden Loan Agreements provide for the funding of the
construction and facilitization of Dresden Fab 30. The funding consists of:
. equity, subordinated loans and loan guarantees from AMD;
. loans from a consortium of banks; and
. grants, subsidies and loan guarantees from the Federal Republic of Germany
and the State of Saxony.
10
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000