AMD Executes Purchase Agreement to Sell and Lease-Back Austin Campus, Expected to Generate Approximately $164 Million in Cash
SUNNYVALE, CA and AUSTIN, TX — (Marketwire) — 03/12/13 — (NYSE: AMD) today announced that it has entered into an agreement to sell and lease-back its "Lone Star Campus" located at 7171 Southwest Parkway in Austin, Texas to 7171 Southwest Parkway Holdings, LP, an affiliate entity of real estate investment company Spear Street Capital. Upon closing, net of all fees, the sale is expected to generate approximately $164 million in cash. The proceeds are expected to be reflected in the