Amkor Replaces $30 Million Revolving Credit Facility
CHANDLER, Ariz., July 8 /PRNewswire-FirstCall/ -- Amkor Technology, Inc. (Nasdaq: AMKR) said today that it entered into a new $30 million senior secured revolving credit facility on June 29, 2004 (the "New Credit Facility"). The New Credit Facility, which is available through June 29, 2007, replaces Amkor's prior $30 million secured revolving line of credit, which was scheduled to mature on October 31, 2005. The available funds will be used for general corporate purposes.
Summary of key terms -- $30 million senior secured revolving credit
facility:
* Availability: Through June 29, 2007
* Agents: Citicorp North America, Inc., as Administrative
Agent, Citigroup Global Markets Inc., as Sole
Lead Arranger and Sole Bookrunner, JPMorgan
Chase Bank, as Syndication Agent and Merrill
Lynch Capital Corporation, as
Documentation Agent
* Pricing: Libor + 3.50%
* Financial covenants: None
The credit agreement containing a complete listing of definitions and provisions will be filed on SEC Form 8-K on Friday, July 9, 2004.
Amkor Technology, Inc. is a leading provider of contract semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.
For further information, please contact: Jeffrey Luth of Amkor Technology, Inc., +1-480-821-5000, ext. 5130, jluth@amkor.com.
SOURCE Amkor Technology, Inc.
-0- 07/08/2004
/CONTACT: Jeffrey Luth of Amkor Technology, Inc., +1-480-821-5000,
ext. 5130, jluth@amkor.com/
/Web site: http://www.amkor.com /
(AMKR)
CO: Amkor Technology, Inc.
ST: Arizona
IN: CPR SEM
SU:
BF-MV
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0066 07/08/2004 15:41 EDT http://www.prnewswire.com