Amkor Technology To Sell $250 Million In Convertible Subordinated Notes

WEST CHESTER, Pa.--(BUSINESS WIRE)--May 17, 2001--Amkor Technology, Inc. (Nasdaq:AMKR) announced the pricing of $250 million convertible subordinated debentures due 2006 through a private offering to qualified institutional investors.

The debentures will accrue interest at 5.75% per annum and have a conversion price of approximately $35. Amkor intends to use the net proceeds of the issuance to repay a portion of the term loan outstanding under its secured credit facilities, and for general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities. Any offers of the securities will be made by means of a private offering memorandum.

The securities to be offered are not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemptions from such registration requirements.


CONTACT: Amkor Technology, Inc.
Jeffrey Luth (Investors)
610/431-9600 ext. 5613
Ken Jensen (Media)
480/821-2408 ext. 5130