Advanced Micro Devices Inc (AMD)

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"couldn't amd just do a private convertible placement without an underwriter like they did earlier in 2002 and 2003"

AMD used underwritewrs in 2002:

"Press Release Source: AMD


AMD Announces Planned $300 Million Public Offering Of Convertible Senior Notes
Tuesday November 19, 7:26 am ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 19, 2002--AMD (NYSE:AMD - News) announced that it is filing today a prospectus supplement with the Securities and Exchange Commission with respect to the Company's planned public offering of $300 million of convertible senior notes, which will be convertible into the Company's common stock. The Company expects that the underwriters will also have a 30-day option to purchase up to an additional $45 million of convertible senior notes to cover over-allotments.

The offering will be made pursuant to a prospectus supplement under the Company's existing $2 billion shelf registration statement. Banc of America Securities LLC and Salomon Smith Barney are the joint book-running managers and Merrill Lynch & Co. is the co-manager for the offering. The Company expects to use the net proceeds from the offering of the notes for general corporate purposes, including capital expenditures and working capital. "