Amkor Technology To Offer $240 Million Of Senior Notes
Kim and his affiliates have agreed to purchase at least $150 million of the notes and up to an additional $50 million of the notes, depending on market demand. In connection with such investment, Kim and his affiliates will agree to enter into a voting agreement with Amkor restricting the voting of shares of Amkor acquired by Kim or his affiliates upon conversion of the notes.
Amkor also plans to grant to the initial purchasers of the notes an option to purchase up to an additional $10 million aggregate principal amount of notes solely to cover over-allotments.
The company said it plans to use the net proceeds of the offering to repay, repurchase or otherwise retire existing debt and for general corporate purposes.
Chandler, Arizona-based Amkor provides semiconductor assembly and test services. The company's operational base encompasses more than five million square feet of manufacturing facilities, product development centers, and sales and support offices located in Asia, Europe and the United States.
FinancialWire" ( http://www.financialwire.net ), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .
Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
Copyright(C)2009 by financialwire.net, Inc. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
