AMD gets rid of the buildings in Austin

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POSTER: computer news   ||   AMD GETS RID OF THE BUILDINGS IN AUSTIN	DATE:2013-03-13
Experiencing difficulties with finance companies often sell office buildings, then rent them from the new owners.  This measure is particularly popular with Japanese electronics manufacturers. AMD company , as planned, recently announced the closing of the transaction on a package of occupied buildings in Austin, Texas. The deal will allow AMD to release about $ 164 million net of associated fees. The new buildings owners will be the local division of Spear Street Capital, the property management.  The results of the transaction will be displayed in the report for the first quarter AMD, which will be released on  18 April.  All the formalities of the transaction will be made up to 26 March.  The company will have to write off about $ 50 million as a result of the difference between the sale of buildings and their carrying amounts.  Under the terms of agreement, AMD has the right to extend rent in 12 years. Related Products :

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