AMD Secures $4.75B in Bonds, Largest Dollar Issuance in Company History

AMD closed a record $4.75B bond offering across four tranches to fund AI infrastructure expansion. The deal signals strong investor demand and strategic capital allocation for data center growth.

Woofun AI reports that AMD finalized a $4.75 billion dollar-denominated bond issuance on August 14, marking the largest such financing in the company's history. The offering comprised senior unsecured notes maturing in 2029, 2031, 2033, and 2036, with the 10-year tranche priced 90 basis points above Treasury bonds. This final spread represented a 25-basis-point tightening from initial guidance, reflecting robust investor interest. AMD designated the proceeds for general corporate purposes, including potential debt repayment, rather than addressing liquidity needs, given its $13.1 billion cash position as of June 27. The capital raise supports the company's aggressive expansion in AI and data center markets, coinciding with partnerships with Anthropic and Microsoft and projected annual revenue growth of 47% to over $51 billion.