Latham & Watkins Advises Advanced Micro Devices, Inc. on US$5 Billion Revolving Credit Facility and US$5.5 Billion Commercial Paper Program

Advanced Micro Devices, Inc. (AMD or the company) announced it has entered into a credit agreement providing for a five‑year US$5 billion unsecured revolving credit facility. The new facility will replace the company’s existing credit agreement. The proceeds of any borrowings under the revolving facility may be used for general corporate purposes. AMD also increased to US$5.5 billion from US$3 billion the maximum aggregate amount outstanding at any time of unsecured commercial paper notes that may be issued under its commercial paper program. Under the program, the company may issue notes from time to time for general corporate purposes.

Latham & Watkins LLP represents AMD in the transaction with a finance team led by partner Elizabeth Oh and counsel Jonathan Shih, with associate Kendall Ota; and on the commercial paper program with a corporate team led by partner Carlos Alvarez, with corporate attorney Marta Talarek and assistance from Cleo Lagkadianou. Advice was also provided on corporate matters by partners Tad Freese and Richard Kim, with associate Edwin Gonzalez; on ERISA matters by partner Maj Vaseghi and counsel Aryeh Zuber; on intellectual property matters by partner Morgan Brubaker, with associate Andrew Abokhair; on tax matters by partner Grace Lee, with associate Derek Gumm; and on ICA matters by partner Jennifer Tian.