<div id="subtitle">Advanced Micro offer to buy back debt closes, with $1.35 billion turned in</div><div><p>Advanced Micro Devices Inc. on Thursday said its offer to buy back certain senior debt due 2012 has closed.</p><p>The chip maker said $1.35 billion worth of convertible senior notes carrying an interest rate of 5.75 percent were turned in by debt holders.</p><p>Advanced Micro said it's buying back $1.01 billion of the notes tendered, including interest. The company offered to pay $990 for each $1,000 of notes, plus interest.</p><p>After Advanced Micro's tender offer, about $485 million worth of the 2012 notes are left.</p><p>J.P. Morgan Securities Inc. and Citadel Securities LLC were the dealer managers of the offer.</p><p>Shares of Advanced Micro, based in Sunnyvale, Calif., fell 10 cents to $9.05 in afternoon trading.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=65609563&bid=informcom" /></div><div id="copyright"><div>

Copyright 2009  <a href="http://www.ap.org">AP News</a></div></div>