AMD 2015 Annual Report Download - page 65

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As of December 26, 2015, the outstanding aggregate principal amount of our 7.75% Notes was $450
million.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 7.75% Notes.
7.50% Senior Notes Due 2022
On August 15, 2012, we issued $500 million of our 7.50% Notes. Our 7.50% Notes are our general
unsecured senior obligations. Interest is payable on February 15 and August 15 of each year beginning
February 15, 2013 until the maturity date of August 15, 2022. The 7.50% Notes are governed by the terms of an
indenture dated August 15, 2012 between us and Wells Fargo Bank, N.A., as trustee.
Prior to August 15, 2022, we may redeem some or all of our 7.50% 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 7.50%
Indenture).
As of December 26, 2015, the outstanding aggregate principal amount of our 7.50% Notes was $475
million.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 7.50% Notes.
7.00% Senior Notes Due 2024
On June 16, 2014, we issued $500 million of 7.00% Notes. The 7.00% Notes are our general unsecured
senior obligations. Interest is payable on January 1 and July 1 of each year beginning January 1, 2015 until the
maturity date of July 1, 2024. The 7.00% Notes are governed by the terms of an indenture (the 7.00% Indenture)
dated June 16, 2014 between us and Wells Fargo Bank, N.A., as trustee.
At any time before July 1, 2017, we may redeem up to 35% of the aggregate principal amount of the 7.00%
Notes within 90 days of the closing of an equity offering with the net proceeds thereof at a redemption price
equal to 107.000% of the principal amount thereof, together with accrued and unpaid interest to but excluding the
date of redemption. Prior to July 1, 2019, we may redeem some or all of the 7.00% 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
7.00% Indenture).
Starting July 1, 2019, we may redeem our 7.00% Notes for cash at the following specified prices plus
accrued and unpaid interest:
Period
Price as
Percentage of
Principal Amount
Beginning on July 1, 2019 through June 30, 2020 .................... 103.500%
Beginning on July 1, 2020 through June 30, 2021 .................... 102.333%
Beginning on July 1, 2021 through June 30, 2022 .................... 101.167%
On July 1, 2022 and thereafter ................................... 100.000%
As of December 26, 2015, the outstanding aggregate principal amount of our 7.00% Notes was $500
million.
See Note 10 of “Notes to Consolidated Financial Statements” below, for additional information regarding
our 7.00% Notes.
59