AMD has granted investors the opportunity to buy convertible senior notes worth up to $2.2 billion. AMD was $600 million over what was acceptable with its latest quarterly report, but is expected to remain in the red during the second quarter. Investors will be able to buy additional notes worth up to $200 million to cover any over-allotments. The notes is due in 2015, but can be converted back to the principal amount and/or regular stock during “certain events.” Best case scenario this will raise a much needed 2.2 billion dollar.
