AMD 2011 Annual Report Download - page 69

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November 1 of each year beginning November 1, 2007 until the maturity date of May 1, 2015. The terms of the
6.00% Notes are governed by an Indenture (the 6.00% Indenture) dated April 27, 2007, by and between us and
Wells Fargo Bank, National Association, as Trustee.
In 2011, we repurchased $200 million in aggregate principal amount of our 6.00% Notes in open market
transactions for $202 million. As of December 31, 2011, the outstanding aggregate principal amount of our
6.00% Notes was $580 million and the remaining carrying value was approximately $546 million, net of debt
discount of $34 million.
We may elect to purchase or otherwise retire the balance of the 6.00% Notes with cash, stock or other assets
from time to time in open market or privately negotiated transactions, either directly or through intermediaries, or
by tender offer when we believe the market conditions are favorable to do so.
See Note 10 of “Notes to Consolidated Financial Statements,” below, for additional information regarding
the 6.00% Notes.
8.125% Senior Notes Due 2017
On November 30, 2009, we issued $500 million of the 8.125% Notes at a discount of 10.204%. The 8.125%
Notes are our general unsecured senior obligations. Interest is payable on June 15 and December 15 of each year
beginning June 15, 2010 until the maturity date of December 15, 2017. The discount of $51 million is recorded
as contra debt and is amortized to interest expense over the life of the 8.125% Notes using the effective interest
method. The 8.125% Notes are governed by the terms of an indenture (the 8.125% Indenture) dated
November 30, 2009 between us and Wells Fargo Bank, National Association, as Trustee.
From December 15, 2013, we may redeem the 8.125% Notes for cash at the following specified prices plus
accrued and unpaid interest:
Period
Price as
Percentage of
Principal Amount
Beginning on December 15, 2013 through December 14, 2014 ......... 104.063%
Beginning on December 15, 2014 through December 14, 2015 ......... 102.031%
On December 15, 2015 and thereafter ............................. 100.000%
As of December 31, 2011, the outstanding aggregate principal amount of our 8.125% Notes was $500
million and the remaining carrying value was approximately $459 million, net of debt discount of $41 million.
We may elect to purchase or otherwise retire the 8.125% Notes with cash, stock or other assets from time to
time in open market or private negotiated transactions, either directly or through intermediaries, or by tender
offer, when we believe the market conditions are favorable to do so.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
the 8.125% Notes.
7.75% Senior Notes Due 2020
On August 4, 2010, we issued $500 million of the 7.75% Notes. The 7.75% Notes are our general unsecured
senior obligations. Interest is payable on February 1 and August 1 of each year beginning February 1, 2011 until
the maturity date of August 1, 2020. The 7.75% Notes are governed by the terms of an indenture (the 7.75%
Indenture) dated August 4, 2010 between us and Wells Fargo Bank, National Association, as Trustee.
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