AMD Completes Deal to Sell, Lease-Back Austin Campus

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.