AMD
AMD today announced the successful closing of its transaction
with 7171 Southwest Parkway Holdings, LP to sell and lease-back the
company's "Lone Star Campus" located at 7171 Southwest Parkway in
Austin, Texas. The transaction generated proceeds of approximately
$164 million in cash, net of all fees, which will be reflected in the
company's first quarter 2013 financial statements when reported on
Apr. 18, 2013. As a part of the agreement, AMD has entered into a
12-year sublease agreement with Lantana HP, Ltd. with an extension
option to continue its operations on the Lone Star Campus.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in