AMD 2014 Annual Report Download - page 64

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In 2013, we repurchased $50 million in aggregate principal amount of our 6.00% Notes in open market
transactions for $53 million. As of December 27, 2014, the outstanding aggregate principal amount and
remaining carrying value of our 6.00% Notes were $42 million. The remaining $42 million of aggregate principal
amount of 6.00% Notes has been reclassified as short-term debt on the consolidated balance sheet as of
December 27, 2014 due May 2015.
See Note 10 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%.
During 2014, we repurchased and redeemed the entire $500 million in aggregate principal amount of our
8.125% Notes for $531 million, which included payment of accrued and unpaid interest of $8 million. We
incurred a total loss of $54 million in connection with the foregoing repurchase and redemption of the 8.125%
Notes. As of December 27, 2014, we did not have any 8.125% Notes outstanding.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 8.125% Notes.
6.75% Senior Notes Due 2019
On February 26, 2014, we issued $600 million of our 6.75% Notes. Our 6.75% Notes are our general
unsecured senior obligations. Interest is payable on March 1 and September 1 of each year beginning
September 1, 2014 until the maturity date of March 1, 2019. Our 6.75% Notes are governed by the terms of an
indenture (the 6.75% Indenture) dated February 26, 2014 between us and Wells Fargo Bank, National
Association, as trustee.
At any time before March 1, 2019, we may redeem some or all of our 6.75% Notes at a price equal to 100%
of the principal amount, plus accrued and unpaid interest and a “make whole” premium (as set forth in the 6.75%
Indenture).
As of December 27, 2014, the outstanding aggregate principal amount of our 6.75% Notes was $600
million, and we reported $600 million of the 6.75% Notes on our consolidated balance sheets.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 6.75% Notes.
7.75% Senior Notes Due 2020
On August 4, 2010, we issued $500 million of our 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%
58