So, it looks like AMD gets $1.2B for its fabs and another $314M equity investment, if I read this right. AMD will still owe a lot of debt, although short-term risk has been reduced.
re:Abu Dhabi will pay AMD $700 million for a stake in a new company that will own two plants in Germany and build a factory in New York. The new company, which will assume $1.2 billion of AMD's debt, will receive as much as $6 billion from Abu Dhabi to expand plants and get $1.4 billion in operating capital. Abu Dhabi will also pay $314 million to double its stake in AMD to 19 percent, AMD said today in an e-mailed statement.
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