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Share Name | Share Symbol | Market | Type |
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Advanced Micro Devices Inc | NASDAQ:AMD | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 144.27 | 142.44 | 142.50 | 0 | 01:00:00 |
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Delaware
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001-07882
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94-1692300
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(State of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number) |
One AMD Place
Sunnyvale, California 94085
(Address of principal executive offices) (Zip Code)
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•
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extending the total senior secured asset based line of credit (the “Secured Revolving Line of Credit”) maturity date from April 14, 2020 to March 21, 2022.
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reducing the Applicable Margin, which is applicable to both loans and letters of credit issued under the Secured Revolving Line of Credit as follows:
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Applicable Margin Prior to Fifth Amendment
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Applicable Margin Effective as of the Fifth Amendment
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Level
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Average
Availability for
Last Fiscal Month
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Base Rate
Revolver Loans: Applicable Margin |
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LIBOR
Revolver Loans: Applicable Margin |
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Base Rate
Revolver Loans: Applicable Margin |
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LIBOR
Revolver Loans: Applicable Margin |
I
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≥
66.66% of the Revolver Commitment
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0.50%
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1.50%
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0.25%
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1.25%
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II
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≥
33.33% of the Revolver Commitment < 66.66%
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0.75%
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1.75%
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0.50%
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1.50%
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III
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< 33.33% of the Revolver Commitment
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1.00%
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2.00%
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0.75%
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1.75%
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•
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reducing the unused commitment fee applicable to the Secured Revolving Line of Credit from 0.375% to 0.25%.
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lowering the minimum threshold of Availability required to be maintained by the Obligors in order to avoid cash dominion, from the greater of (ii) 15% of the total commitment amount and (i) $75 million to (a) 10% of the total commitment amount and (b) $50 million
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improving the borrowing base reporting requirement threshold from $25 million borrowing outstanding on the Secured Revolving Line of Credit to the greater of (i) $75 million and (ii) 20% of the borrowing base, resulting in less frequent borrowing base reporting by the Company.
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amending maximum dollar limits related to supply chain finance arrangements from amounts that qualify as Qualified Factoring Arrangements under the Amended and Restated Loan and Security Agreement from $220 million in aggregate to $220 million in aggregate during the first and fourth fiscal quarters of the Borrowers and $300 million in aggregate during the second and third fiscal quarters of the Borrowers.
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reducing the amount of the Secured Revolving Line of Credit that will be available for issuance for letters of credit from $75 million to $45 million.
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Exhibit No.
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Description
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10.1
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Fifth Amendment to the Amended and Restated Loan and Security Agreement, dated as of March 21, 2017, by and among Advanced Micro Devices, Inc., a Delaware corporation, AMD International Sales & Service, Ltd., a Delaware corporation, ATI Technologies ULC, an Alberta unlimited liability corporation, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., a national banking association, as agent for the lenders
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Date: March 21, 2017
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ADVANCED MICRO DEVICES, INC.
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By:
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/s/ Devinder Kumar
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Name:
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Devinder Kumar
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Title:
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Senior Vice President, Chief Financial Officer and Treasurer
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Exhibit No.
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Description
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10.1
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Fifth Amendment to the Amended and Restated Loan and Security Agreement, dated as of March 21, 2017, by and among Advanced Micro Devices, Inc., a Delaware corporation, AMD International Sales & Service, Ltd., a Delaware corporation, ATI Technologies ULC, an Alberta unlimited liability corporation, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., a national banking association, as agent for the lenders
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