AMD 8-K
Debt financingExecutive payShareholder vote
A new revolver and expanded commercial paper program increase borrowing capacity; shareholders enlarged the 2023 Equity Incentive Plan.
Filed 2026-05-15 16:12 ET
- 1.01 Entry into a Material Agreement
- 1.02 Termination of a Material Agreement
- 2.03 Creation of a Financial Obligation
- 5.02 Officer/director change
- 5.07 Shareholder Vote Results
- 9.01 Financial Statements and Exhibits
Summary
AMD expanded its available borrowing capacity and shareholders approved an increase to the 2023 Equity Incentive Plan. The new revolving facility replaces the prior facility; no revolving loans were outstanding at closing.
Key Figures
- Unsecured revolving credit facility: $5.0B for five years, with up to $250M available for letters of credit. Borrowings may be used for general corporate purposes and carry either Term SOFR plus 0.50%–0.80% or the Base Rate plus 0.00%, depending on the option and AMD’s credit ratings; there are no financial covenants.
- Unsecured commercial paper program: maximum outstanding principal increased to $5.5B from $3.0B. Notes may mature in up to 397 days and may be issued at a discount or at par with market-based interest.
- 2023 Equity Incentive Plan: authorized shares increased by 65M to 153M. Shareholders also rejected a proposal to lower the ownership threshold and remove the holding requirement for calling a special meeting.
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