AMD closed its offer of 1.5 bilion aggregate principal amount of 5.75% Convertible Senior Notes that are due 2012.

AMD received net proceeds from the offering of approximately $1.48 billion and this will be just about enough to fully repay its debts to Morgan Stanley Senior Funding, Inc. Closed in October 2006.

This will be a drop in the ocean but it will help AMD to get by some time but the company has to get Barcelona up, and the clocks that it can pull with revision B looks promising.