Amkor Technology, Inc. (NASDAQ:AMKR) today announced that it intends to
offer, subject to market and other conditions, $200 million aggregate
principal amount of 6.375% Senior Notes due 2022 (the “Notes”). The
Notes are to be offered in a private placement in the United States to
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”) and to
non-U.S. persons outside the United States pursuant to Regulation S
under the Securities Act.
The Notes will be unsecured, and the offering price will be determined
by negotiations between the company and the initial purchasers. The
Notes will be issued as additional notes under an indenture dated as of
September 21, 2012 pursuant to which Amkor previously issued $300.0
million aggregate principal amount of 6.375% Senior Notes due 2022 (the
“Existing Notes”). The Notes will rank equally with and form a part of a
single class of securities with the Existing Notes.
We expect to use the net proceeds of the Notes offering for general
corporate purposes, which may include, among other things, capital
additions, acquisitions and other investments.
This announcement does not constitute an offer to sell or a solicitation
of an offer to buy any of the Notes, nor shall there be any offer,
solicitation or sale in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful.
The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from such registration
requirements.
About Amkor
Amkor is a leading provider of semiconductor packaging and test services
to semiconductor companies and electronics OEMs. More information on
Amkor is available from the company’s Securities and Exchange Commission
(“SEC”) filings and at Amkor’s website: www.amkor.com.
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the meaning
of federal securities laws. All statements other than statements of
historical fact are considered forward-looking statements including,
without limitation, statements regarding the proposed Notes offering and
the terms and expected use of proceeds thereof. These forward-looking
statements involve a number of risks, uncertainties, assumptions and
other factors that could affect future results and cause actual results
and events to differ materially from historical and expected results and
those expressed or implied in the forward-looking statements including,
but not limited to, that there can be no assurance that the Notes will
be sold in the amount or on the terms expected or at all. Other
important risk factors that could affect the outcome of the events set
forth in these statements are discussed in our Annual Report on Form
10-K for the year ended December 31, 2012, and in our subsequent filings
with the SEC made prior to or after the date hereof. Amkor undertakes no
obligation to review or update any forward-looking statements to reflect
events or circumstances occurring after the date of this announcement.
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