AMD signed a $5.0 billion revolving credit facility and lifted its commercial paper limit to $5.5 billion

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On May 14, 2026, AMD entered into a credit agreement with JPMorgan Chase Bank, N.A. as administrative agent and a group of lenders; it provided a five-year, $5.0 billion unsecured revolving credit facility, a line AMD could borrow from, repay and borrow from again. The same day, AMD raised to $5.5 billion, from $3.0 billion, the most commercial paper it could have outstanding under a program it set up on Nov 3, 2022; commercial paper is short-term unsecured borrowing, and the notes' maturities could not exceed 397 days. AMD reported both in an 8-K filed on May 15, 2026, the form a US-listed company files to report an event between regular reports; it carries items 1.01, a material agreement, 1.02, an agreement ended, 2.03, a new financial obligation, 5.02, officers, directors or their pay, and 5.07, a shareholder vote.1^,2^,3^,4^,5^,6^,7

The new facility replaced AMD's credit agreement of Apr 29, 2022, with Wells Fargo Bank as agent, and AMD ended all remaining commitments under it. AMD said no borrowings were outstanding under the new facility at the closing date. Loans would bear interest at AMD's choice of a Base Rate plus 0.00%, or Term SOFR, a benchmark interest rate, plus a margin of 0.50% to 0.80% that depends on its credit ratings, and AMD agreed to pay a commitment fee of 0.03% to 0.05% on the unused part. The 8-K said there were no financial covenants under the agreement, and that proceeds of any borrowing could be used for general corporate purposes.2^,8^,9^,10^,11^,12^,13

At its annual meeting on May 13, 2026, stockholders elected the eight director nominees and ratified Ernst & Young LLP as auditor for the fiscal year ending Dec 26, 2026. They approved an amended 2023 Equity Incentive Plan that adds 65 million shares, with 971,044,532 votes for and 28,539,051 against, bringing the total authorized under the plan to 153,000,000 shares. In a non-binding vote they approved the pay of the company's named executive officers, 924,311,642 to 73,373,753, and they did not approve a stockholder proposal to lower the ownership threshold and drop the holding requirement for calling a special meeting, which drew 375,193,701 votes for and 624,384,602 against.14^,15^,16^,17^,18^,19^,20

AMD, a hardware company listed on Nasdaq, had revenue of $34.64 billion in 2025, up from $25.79 billion in 2024.21^,22^,23^,24

The credit agreement is filed as Exhibit 10.1 with some exhibits or schedules omitted, and our records hold the text of the 8-K and not that exhibit; the 8-K text we hold names no game or studio.25^,26