AMD 2013 Annual Report Download - page 66

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In 2013, we repurchased $50 million in principal amount of our 6.00% Notes in open market transactions
for $53 million. As of December 28, 2013, the outstanding aggregate principal amount of our 6.00% Notes was
$530 million and the remaining carrying value was approximately $517 million, net of debt discount of $13
million. Subsequent to December 28, 2013, we repurchased an additional $64 million in principal amount of our
6.00% Notes.
See Note 11 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 6.00% Notes.
8.125% Senior Notes Due 2017
On November 30, 2009, we issued $500 million of our 8.125% Notes at a discount of 10.204%. Our 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. Our 8.125% Notes are governed by the terms of an indenture dated November 30, 2009 between us and
Wells Fargo Bank, N.A., as trustee.
Starting 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 28, 2013, the outstanding aggregate principal amount of our 8.125% Notes was $500
million and the remaining carrying value was approximately $470 million, net of debt discount of $30 million.
See Note 11 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 8.125% Notes.
7.75% Senior Notes Due 2020
On August 4, 2010, we issued $500 million of our 7.75% Senior Notes Due 2020 (7.75% Notes). Our 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. Our 7.75% Notes are governed by the
terms of an indenture dated August 4, 2010 between us and Wells Fargo Bank, N.A., as trustee.
Starting August 1, 2015, we may redeem our 7.75% Notes for cash at the following specified prices plus
accrued and unpaid interest:
Period
Price as
Percentage of
Principal Amount
Beginning on August 1, 2015 through July 31, 2016 .................. 103.875%
Beginning on August 1, 2016 through July 31, 2017 .................. 102.583%
Beginning on August 1, 2017 through July 31, 2018 .................. 101.292%
On August 1, 2018 and thereafter ................................. 100.000%
As of December 28, 2013, the outstanding aggregate principal amount of our 7.75% Notes was $500
million.
See Note 11 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 7.75% Notes.
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