Coming on the heels of Intel's $19.7 billion common stock offering from earlier this week, AMD on Thursday announced plans to borrow $4.75 billion through a new senior unsecured debt offering. AMD does not tie the proceeds to a particular project, saying they will be available for general corporate purposes, including potentially paying down existing debt. Meanwhile, the increasing capital intensity of the industry gives AMD numerous options to use the money.
"We intend to use the net proceeds from this offering for general corporate purposes, which may include the repayment of debt," an AMD statement with the Securities and Exchange Commission reads.
