AMD Trading Volume Plummets 45 Percent to 12th Place Despite $1.5 Billion Senior Notes Offering

On March 25, 2025, Advanced Micro Devices, Inc. (AMD) experienced a significant decline in trading volume, with a turnover of $32.96 billion, marking a 45.31% decrease from the previous day. This placed AMD at the 12th position in terms of trading volume for the day.

On March 24, 2025, AMD successfully completed a public offering of $1.5 billion in senior notes. The offering consisted of $875 million in 4.212% Senior Notes due 2026 and $625 million in 4.319% Senior Notes due 2028. These notes are governed by an Indenture dated June 9, 2022, and a Second Supplemental Indenture dated March 24, 2025. The 2026 Notes mature on September 24, 2026, and the 2028 Notes mature on March 24, 2028. The company has the option to redeem these notes under specific conditions outlined in the Indenture.

The Indenture includes covenants that restrict the company and its subsidiaries from creating liens on certain assets, entering into specific sale and leaseback transactions, and consolidating or merging with other entities. It also outlines events of default, such as failure to pay principal or interest, breach of covenants, and certain bankruptcy events. The offering was registered under the Securities Act of 1933 and filed with the SEC.

Additionally, on March 24, 2025, AMD issued $950 million in unsecured commercial paper under its commercial paper program. This issuance was exempt from registration under federal and state securities laws and was not registered under the Securities Act or any state securities laws. The commercial paper may not be offered or sold except in compliance with applicable exemptions from registration requirements.